Frontier Developments (LON:FDEV) Share Price Crosses Below 200-Day Moving Average of $240.65

Frontier Developments plc (LON:FDEV) passed 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 traded.

Analyst Ratings Changes

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

Frontier Developments Price Performance

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 business’s fifty day simple moving average is GBX 261.86 and its 200 day simple moving average is GBX 242.21. The stock has a market cap of £96.38 million, a price-to-earnings ratio of -436.61, a price-to-earnings-growth ratio of 2.11 and a beta of 0.04.

About Frontier Developments

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.