Frontier Developments (LON:FDEV) Shares Pass Above 50 Day Moving Average - Here's Why

Shares of Frontier Developments plc (LON:FDEV - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 208.78 ($2.69) and traded as high as GBX 220 ($2.84). Frontier Developments shares last traded at GBX 220 ($2.84), with a volume of 89,478 shares changing hands.

Frontier Developments Trading Down 1.9 %

The firm has a market cap of £80.67 million, a price-to-earnings ratio of -3.76, a P/E/G ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. The company's 50 day simple moving average is GBX 207.44 and its 200 day simple moving average is GBX 219.12.

Frontier Developments (LON:FDEV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported GBX 11.40 ($0.15) earnings per share for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, research analysts expect that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

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.