Frontier Developments (LON:FDEV) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 214.32 ($2.66) and traded as high as GBX 222 ($2.75). Frontier Developments shares last traded at GBX 215 ($2.66), with a volume of 165,555 shares traded.

Frontier Developments Stock Up 3.0 %

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 market cap of £87.45 million, a price-to-earnings ratio of -395.54, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The stock’s 50 day moving average is GBX 214.33 and its 200 day moving average is GBX 237.69.

Frontier Developments (LON:FDEV) last issued its quarterly earnings results on Wednesday, January 15th. The company reported GBX 11.40 ($0.14) earnings per share (EPS) for the quarter. Frontier Developments had a negative return on equity of 24.85% and a negative net margin of 24.05%. Analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current year.

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.