Frontier Developments (LON:FDEV) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Frontier Developments plc (LON:FDEV) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 247.56 ($3.10) and traded as low as GBX 190 ($2.38). Frontier Developments shares last traded at GBX 199 ($2.50), with a volume of 16,209 shares traded.

Analysts Set New Price Targets

FDEV has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 330 ($4.14) price target on shares of Frontier Developments in a research note on Wednesday, September 11th. Shore Capital reiterated a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 300 ($3.76) price target on shares of Frontier Developments in a report on Thursday, September 12th.

Frontier Developments Stock Up 2.8 %

The firm has a market capitalization of £78.57 million, a PE ratio of -355.36, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70. The firm has a 50-day moving average of GBX 230.45 and a two-hundred day moving average of GBX 247.56.

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.