Frontier Developments (LON:FDEV) Stock Crosses Below 200-Day Moving Average - Here's Why

Frontier Developments plc (LON:FDEV - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 256.05 ($3.33) and traded as low as GBX 210 ($2.73). Frontier Developments shares last traded at GBX 230 ($2.99), with a volume of 383,971 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Shore Capital restated a "buy" rating on shares of Frontier Developments in a research report on Wednesday, September 11th. Berenberg Bank restated a "buy" rating and issued a GBX 330 ($4.30) price target on shares of Frontier Developments in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 300 ($3.91) price objective on shares of Frontier Developments in a research report on Thursday, September 12th. One 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, the stock has a consensus rating of "Hold" and an average price target of GBX 250 ($3.25).

Frontier Developments Stock Performance

The firm's 50-day simple moving average is GBX 241.23 and its two-hundred day simple moving average is GBX 256.40. 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 stock has a market capitalization of £90.80 million, a PE ratio of -410.71, a PEG 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.