Frontier Developments (LON:FDEV) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Frontier Developments plc (LON:FDEV)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 227.01 ($2.93) and traded as low as GBX 186.40 ($2.40). Frontier Developments shares last traded at GBX 190 ($2.45), with a volume of 18,169 shares traded.

Frontier Developments Price Performance

The company’s 50-day simple moving average is GBX 206.16 and its 200 day simple moving average is GBX 227.01. 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 stock has a market capitalization of £74.17 million, a price-to-earnings ratio of -3.46, a P/E/G ratio of 2.11 and a beta of 0.03.

Frontier Developments (LON:FDEV) last issued its quarterly earnings data on Wednesday, January 15th. The company reported GBX 11.40 ($0.15) earnings per share for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. Equities research analysts forecast that Frontier Developments plc will post 7.0917759 EPS for the current 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.