Frontier Developments (LON:FDEV) Shares Break Above 50 Day Moving Average – Time to Sell?

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 487.25 and traded as high as GBX 610. Frontier Developments shares last traded at GBX 573, with a volume of 105,433 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on FDEV shares. Shore Capital Group raised shares of Frontier Developments to a “buy” rating and set a GBX 650 target price on the stock in a report on Wednesday, September 9th. Berenberg Bank reiterated a “buy” rating and set a GBX 600 price target on shares of Frontier Developments in a research report on Wednesday, September 9th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 618.75.

Frontier Developments Stock Performance

The firm has a market cap of £199.02 million, a price-to-earnings ratio of 8.19, a P/E/G ratio of 2.11 and a beta of 0.03. The firm’s 50 day moving average price is GBX 487.25 and its 200-day moving average price is GBX 426.45. The company has a debt-to-equity ratio of 16.51, a current ratio of 3.50 and a quick ratio of 2.61.

Frontier Developments (LON:FDEV) last posted its quarterly earnings results on Wednesday, September 9th. The company reported GBX 74.60 earnings per share (EPS) for the quarter. Frontier Developments had a net margin of 26.03% and a return on equity of 27.12%. On average, analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current year.

Insider Activity at Frontier Developments

In other news, insider Alex Bevis sold 50,000 shares of Frontier Developments stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of GBX 516, for a total transaction of £258,000. 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.