Frontier Developments (LON:FDEV) Stock Price Down 9.2% – Here’s What Happened

Shares of Frontier Developments plc (LON:FDEVGet Free Report) were down 9.2% during trading on Tuesday . The company traded as low as GBX 432 and last traded at GBX 432. Approximately 247,848 shares traded hands during trading, an increase of 24% from the average daily volume of 200,024 shares. The stock had previously closed at GBX 476.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FDEV shares. Shore Capital Group reiterated a “buy” rating and set a GBX 650 price objective on shares of Frontier Developments in a report on Wednesday, June 10th. Berenberg Bank restated a “buy” rating and issued a GBX 600 target price on shares of Frontier Developments in a report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 618.75.

View Our Latest Report on Frontier Developments

Frontier Developments Price Performance

The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71. The business has a 50-day moving average of GBX 389.14 and a 200 day moving average of GBX 421.32. The firm has a market capitalization of £150.05 million, a PE ratio of 8.67, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Insider Activity at Frontier Developments

In related news, insider David John Braben sold 93,070 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total transaction of £351,804.60. Insiders have sold a total of 264,070 shares of company stock valued at $98,832,460 in the last three months. Corporate insiders own 37.96% of the company’s stock.

Frontier Developments Company Profile

(Get Free Report)

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.

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