Frontier Developments (LON:FDEV) Shares Pass Below 200-Day Moving Average of $240.65

Frontier Developments plc (LON:FDEV - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 240.65 ($3.22) and traded as low as GBX 237.38 ($3.18). Frontier Developments shares last traded at GBX 244.50 ($3.27), with a volume of 32,876 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FDEV. Jefferies Financial Group reiterated a "hold" rating on shares of Frontier Developments in a research report on Wednesday, June 12th. Berenberg Bank reiterated a "buy" rating and set a GBX 330 ($4.42) target price on shares of Frontier Developments in a research report on Wednesday, September 11th. Shore Capital reissued a "buy" rating on shares of Frontier Developments in a report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 300 ($4.02) 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 issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 250 ($3.35).

Frontier Developments Stock Performance

The business's fifty day simple moving average is GBX 261.86 and its 200-day simple moving average is GBX 241.47. The firm has a market cap of £96.38 million, a P/E ratio of -436.61, a price-to-earnings-growth ratio of 2.11 and a beta of 0.04. The company has a current ratio of 2.93, a quick ratio of 2.61 and a debt-to-equity ratio of 27.70.

Frontier Developments Company Profile

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.