Frontier Developments (LON:FDEV) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 207.82 ($2.68) and traded as high as GBX 219.50 ($2.83). Frontier Developments shares last traded at GBX 214.50 ($2.77), with a volume of 126,222 shares changing hands.

Frontier Developments Stock Performance

The company has a market capitalization of £82.40 million, a price-to-earnings ratio of -3.84, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. 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 firm has a fifty day simple moving average of GBX 207.82 and a 200 day simple moving average of GBX 220.99.

Frontier Developments (LON:FDEV) last released its earnings results on Wednesday, January 15th. The company reported GBX 11.40 ($0.15) EPS for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. On average, analysts anticipate that Frontier Developments plc will post 7.0917759 earnings per share for the current fiscal year.

About Frontier Developments

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.