Frontier Developments (LON:FDEV) Stock Price Passes Above 50-Day Moving Average - Here's Why

Frontier Developments plc (LON:FDEV - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 214.32 ($2.63) and traded as high as GBX 222 ($2.73). Frontier Developments shares last traded at GBX 215 ($2.64), with a volume of 165,555 shares traded.

Frontier Developments Trading Down 2.0 %

The business's 50-day moving average is GBX 214.37 and its two-hundred day moving average is GBX 237.48. The company has a debt-to-equity ratio of 27.70, a current ratio of 2.93 and a quick ratio of 2.61. The firm has a market cap of £85.67 million, a P/E ratio of -387.50, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV - Get Free Report) last released its earnings results on Wednesday, January 15th. The company reported GBX 11.40 ($0.14) earnings per share (EPS) for the quarter. Frontier Developments had a negative return on equity of 24.85% and a negative net margin of 24.05%. As a group, analysts predict 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.