Frontier Developments (LON:FDEV) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Frontier Developments plc (LON:FDEV) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 424.38 and traded as high as GBX 438. Frontier Developments shares last traded at GBX 419.50, with a volume of 29,556 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FDEV. Berenberg Bank reiterated a “buy” rating and set a GBX 600 price target on shares of Frontier Developments in a research report on Wednesday, June 10th. Shore Capital Group reiterated a “buy” rating and set a GBX 650 target price on shares of Frontier Developments in a research report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Frontier Developments presently has a consensus rating of “Buy” and a consensus target price of GBX 618.75.

Frontier Developments Stock Down 0.4%

The stock has a market cap of £145.73 million, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The stock’s 50-day moving average is GBX 424.38 and its 200-day moving average is GBX 411.48. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71.

Insider Buying and Selling

In other Frontier Developments news, insider Alex Bevis sold 5,084 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of GBX 404, for a total value of £20,539.36. Also, insider David John Braben sold 93,070 shares of Frontier Developments stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total transaction of £351,804.60. Insiders sold 148,154 shares of company stock valued at $56,734,396 over the last quarter. Corporate insiders own 38.10% of the company’s stock.

Frontier Developments Company Profile

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.