Frontier Developments (LON:FDEV) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 250.09 ($3.27) and traded as low as GBX 207 ($2.70). Frontier Developments shares last traded at GBX 218.50 ($2.85), with a volume of 124,101 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FDEV. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 300 ($3.92) price objective on shares of Frontier Developments in a report on Thursday, September 12th. Shore Capital restated a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 330 ($4.31) price target on shares of Frontier Developments in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 250 ($3.26).

Frontier Developments Stock Up 1.1 %

The company has a market cap of £87.25 million, a P/E ratio of -390.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. 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 company has a fifty day moving average of GBX 255.76 and a 200 day moving average of GBX 250.09.

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.