Frontier Developments (LON:FDEV) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Frontier Developments plc (LON:FDEV) shares passed 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 ($2.49), with a volume of 16,209 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FDEV. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 11th. Berenberg Bank restated a “buy” rating and issued a GBX 330 ($4.14) target price on shares of Frontier Developments in a research note on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 300 ($3.76) price objective on shares of Frontier Developments in a research note on Thursday, September 12th.

Frontier Developments Stock Performance

The firm has a market capitalization of £77.70 million, a price-to-earnings ratio of -351.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a 50-day moving average of GBX 229.52 and a 200-day moving average of GBX 246.48. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70.

About Frontier Developments

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.