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

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 252.84 ($3.28) and traded as low as GBX 229 ($2.97). Frontier Developments shares last traded at GBX 235 ($3.05), with a volume of 46,326 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FDEV shares. Berenberg Bank restated a “buy” rating and set a GBX 330 ($4.28) price objective on shares of Frontier Developments in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 300 ($3.90) price objective on shares of Frontier Developments in a research note on Thursday, September 12th. Finally, Shore Capital restated a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Frontier Developments presently has a consensus rating of “Hold” and a consensus target price of GBX 250 ($3.25).

Frontier Developments Stock Performance

The stock’s 50-day moving average price is GBX 247.70 and its 200-day moving average price is GBX 252.84. 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 company has a market capitalization of £92.78 million, a P/E ratio of -419.64, a P/E/G ratio of 2.11 and a beta of 0.03.

About Frontier Developments

Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label. The company was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.