Frontier Developments (LON:FDEV) Share Price Passes Below 200-Day Moving Average of $1,357.24

Frontier Developments plc (LON:FDEVGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,357.24 ($15.63) and traded as low as GBX 1,278 ($14.72). Frontier Developments shares last traded at GBX 1,312 ($15.11), with a volume of 29,957 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FDEV shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,000 ($23.03) target price on shares of Frontier Developments in a report on Friday, September 23rd. Credit Suisse Group cut their target price on shares of Frontier Developments from GBX 1,855 ($21.36) to GBX 1,800 ($20.73) and set an “outperform” rating for the company in a report on Monday, September 26th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Frontier Developments in a report on Wednesday, November 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Frontier Developments has an average rating of “Moderate Buy” and a consensus target price of GBX 2,690.17 ($30.97).

Frontier Developments Stock Performance

The company has a market cap of £510.13 million and a PE ratio of 5,248.00. The firm’s fifty day moving average is GBX 1,289.14 and its 200 day moving average is GBX 1,357.24. The company has a current ratio of 2.77, a quick ratio of 2.61 and a debt-to-equity ratio of 17.52.

About Frontier Developments

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Frontier Developments plc develops and publishes video games for personal computers and videogame consoles in the United Kingdom. The company develops games across various platforms using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label.

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