Frontier Developments (LON:FDEV) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Frontier Developments plc (LON:FDEV) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 356.44 and traded as high as GBX 415.06. Frontier Developments shares last traded at GBX 404.50, with a volume of 240,118 shares changing hands.

Frontier Developments Trading Down 1.6%

The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The business has a fifty day simple moving average of GBX 356.44 and a 200 day simple moving average of GBX 433.50. The stock has a market capitalization of £138.24 million, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Insider Buying and Selling

In other Frontier Developments news, insider David John Braben sold 93,070 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of GBX 378, for a total value of £351,804.60. Over the last quarter, insiders sold 369,070 shares of company stock valued at $735,396,960. Corporate insiders own 37.78% of the company’s stock.

About Frontier Developments

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.