Frontier Developments (LON:FDEV) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Frontier Developments plc (LON:FDEV) 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 changing hands.

Analysts Set New Price Targets

FDEV has been the topic of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 330 ($4.14) target price on shares of Frontier Developments in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 300 ($3.76) price target on shares of Frontier Developments in a research report on Thursday, September 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Frontier Developments in a research report on Wednesday, September 11th.

Frontier Developments Trading Down 1.1 %

The firm has a market cap of £77.70 million, a price-to-earnings ratio of -351.43, a P/E/G ratio of 2.11 and a beta of 0.03. The company’s 50 day simple moving average is GBX 229.52 and its 200 day simple moving average is GBX 246.48. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61.

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.