Frontier Developments (LON:FDEV – Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX 42.40 earnings per share for the quarter, Digital Look Earnings reports. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%.
Frontier Developments Stock Up 3.0%
Shares of LON:FDEV opened at GBX 386.38 on Wednesday. The firm has a market cap of £144.27 million, a P/E ratio of 937.81, a P/E/G 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. Frontier Developments has a 12-month low of GBX 175.60 and a 12-month high of GBX 397. The business has a fifty day simple moving average of GBX 366.99 and a 200 day simple moving average of GBX 273.25.
Analyst Ratings Changes
Separately, Shore Capital reissued a “buy” rating on shares of Frontier Developments in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 315.
Insider Transactions at Frontier Developments
In related news, insider David John Braben sold 28,400 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of GBX 361, for a total transaction of £102,524. Over the last three months, insiders sold 435,955 shares of company stock worth $162,215,754. 37.66% of the stock is owned by company insiders.
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.
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