Frontier Developments (LON:FDEV) Trading 9% Higher – Here’s What Happened
by Teresa Graham · The Cerbat GemFrontier Developments plc (LON:FDEV – Get Free Report)’s stock price traded up 9% during trading on Thursday . The stock traded as high as GBX 495 and last traded at GBX 486.50. 232,458 shares were traded during trading, an increase of 28% from the average session volume of 181,173 shares. The stock had previously closed at GBX 446.50.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Shore Capital Group reissued a “buy” rating and set a GBX 650 price objective on shares of Frontier Developments in a research note on Wednesday. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective on shares of Frontier Developments in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Frontier Developments currently has a consensus rating of “Buy” and a consensus target price of GBX 618.75.
Get Our Latest Analysis on Frontier Developments
Frontier Developments Price Performance
The company has a quick ratio of 2.61, a current ratio of 2.83 and a debt-to-equity ratio of 19.71. The firm has a market capitalization of £168.98 million, a PE ratio of 9.77, a PEG ratio of 2.11 and a beta of 0.03. The firm’s fifty day simple moving average is GBX 381.04 and its 200-day simple moving average is GBX 422.08.
Insider Transactions at Frontier Developments
In other Frontier Developments news, insider David John Braben sold 93,070 shares of Frontier Developments stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total value of £351,804.60. Insiders have sold 288,570 shares of company stock valued at $107,792,960 over the last three months. 37.96% of the stock is currently owned by 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.