Frontier Developments (LON:FDEV) Shares Pass Above 50 Day Moving Average – What’s Next?

Frontier Developments plc (LON:FDEV) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 371.73 and traded as high as GBX 463.50. Frontier Developments shares last traded at GBX 461.50, with a volume of 72,041 shares traded.

Frontier Developments Price Performance

The firm has a 50-day simple moving average of GBX 371.73 and a two-hundred day simple moving average of GBX 424. The company has a market capitalization of £159.77 million, a price-to-earnings ratio of 9.24, a P/E/G ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71.

Insiders Place Their Bets

In other Frontier Developments news, insider David John Braben sold 93,070 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of GBX 378, for a total transaction of £351,804.60. Over the last 90 days, insiders sold 315,570 shares of company stock worth $118,007,960. 37.78% of the stock is currently owned by company insiders.

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.