Frontier Developments (LON:FDEV) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Frontier Developments plc (LON:FDEV) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 371.73 and traded as high as GBX 463.50. Frontier Developments shares last traded at GBX 461.50, with a volume of 72,041 shares traded.

Frontier Developments Stock Down 0.9%

The company’s fifty day simple moving average is GBX 373.94 and its 200 day simple moving average is GBX 424.23. The firm has a market capitalization of £158.90 million, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a current ratio of 2.83, a quick ratio of 2.61 and a debt-to-equity ratio of 19.71.

Insider Buying and Selling

In related news, insider David John Braben sold 93,070 shares of the 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. Over the last quarter, insiders have sold 315,570 shares of company stock worth $118,007,960. Corporate insiders own 37.78% of the company’s stock.

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.