Frontier Developments (LON:FDEV) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Frontier Developments plc (LON:FDEV)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 216.05 ($2.87) and traded as low as GBX 189 ($2.51). Frontier Developments shares last traded at GBX 190.80 ($2.53), with a volume of 78,258 shares changing hands.

Frontier Developments Price Performance

The company has a market capitalization of £72.99 million, a PE ratio of -3.40, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The stock’s 50-day moving average is GBX 203.23 and its two-hundred day moving average is GBX 215.87. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70.

Frontier Developments (LON:FDEV) last released its quarterly earnings data on Wednesday, January 15th. The company reported GBX 11.40 ($0.15) EPS for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. On average, equities analysts predict that Frontier Developments plc will post 7.0917759 EPS for the current year.

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.