Frontier Developments (LON:FDEV) Share Price Crosses Below Two Hundred Day Moving Average of $240.65

Frontier Developments plc (LON:FDEV) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 240.65 ($3.22) and traded as low as GBX 237.38 ($3.18). Frontier Developments shares last traded at GBX 244.50 ($3.27), with a volume of 32,876 shares.

Wall Street Analysts Forecast Growth

FDEV has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating on shares of Frontier Developments in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 300 ($4.02) price target on shares of Frontier Developments in a report on Thursday, September 12th. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 11th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 330 ($4.42) price target on shares of Frontier Developments in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 250 ($3.35).

Frontier Developments Trading Up 2.3 %

The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The stock’s fifty day simple moving average is GBX 261.63 and its two-hundred day simple moving average is GBX 240.65. The firm has a market cap of £96.38 million, a PE ratio of -436.61, a PEG ratio of 2.11 and a beta of 0.04.

Frontier Developments Company Profile

Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label. The company was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.