Frontier Developments (LON:FDEV) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Frontier Developments plc (LON:FDEV)’s share price crossed 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FDEV shares. Shore Capital reaffirmed a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 300 ($3.91) target price on shares of Frontier Developments in a research report on Thursday, September 12th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 330 ($4.30) price objective on shares of Frontier Developments in a research report on Wednesday, September 11th. 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 an average rating of “Hold” and a consensus target price of GBX 250 ($3.25).

Frontier Developments Trading Down 2.5 %

The company has a quick ratio of 2.61, a current ratio of 2.93 and a debt-to-equity ratio of 27.70. The firm has a 50 day moving average of GBX 241.23 and a 200 day moving average of GBX 256.40. The firm has a market cap of £90.80 million, a PE ratio of -410.71, a P/E/G 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.