Frontier Developments (LON:FDEV) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 252.84 ($3.28) and traded as low as GBX 229 ($2.97). Frontier Developments shares last traded at GBX 235 ($3.05), with a volume of 46,326 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 300 ($3.90) target price on shares of Frontier Developments in a research report on Thursday, September 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 330 ($4.28) price target on shares of Frontier Developments in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Frontier Developments currently has an average rating of “Hold” and a consensus target price of GBX 250 ($3.25).

Frontier Developments Stock Up 0.2 %

The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. The company has a market cap of £92.78 million, a P/E ratio of -419.64, a P/E/G ratio of 2.11 and a beta of 0.03. The stock has a 50 day moving average price of GBX 247.70 and a 200 day moving average price of GBX 252.84.

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.