Frontier Developments (LON:FDEV) Stock Price Down 1.5% – Time to Sell?

Frontier Developments plc (LON:FDEV) shares were down 1.5% on Monday . The company traded as low as GBX 233 ($2.97) and last traded at GBX 235 ($3.00). Approximately 16,013 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 171,664 shares. The stock had previously closed at GBX 238.50 ($3.04).

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 300 ($3.83) target price on shares of Frontier Developments in a research report on Thursday, September 12th. Berenberg Bank restated a “buy” rating and issued a GBX 330 ($4.21) target price on shares of Frontier Developments in a report on Wednesday, September 11th. Finally, Shore Capital restated a “buy” rating on shares of Frontier Developments in a research note on Wednesday, September 11th.

Frontier Developments Stock Performance

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 business has a 50-day moving average of GBX 234.43 and a 200-day moving average of GBX 251.30. The company has a market capitalization of £87.25 million, a P/E ratio of -394.64, a P/E/G ratio of 2.11 and a beta of 0.03.

About Frontier Developments

Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra. It also publishes games developed by selected partner studios under its Frontier Foundry games label. The company was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.