Frontier Developments (LON:FDEV) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Frontier Developments plc (LON:FDEV)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several equities analysts recently commented on FDEV shares. Deutsche Bank Aktiengesellschaft restated 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. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a report on Wednesday, September 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 330 ($4.30) target price on shares of Frontier Developments in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 250 ($3.25).

Frontier Developments Trading Down 2.5 %

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 stock 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 P/E ratio of -410.71, a PEG ratio of 2.11 and a beta of 0.03.

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.