Frontier Developments (LON:FDEV) Given “Buy” Rating at Shore Capital

Frontier Developments (LON:FDEV)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a report issued on Wednesday,Digital Look reports.

Frontier Developments Stock Performance

Shares of FDEV opened at GBX 385.70 on Wednesday. Frontier Developments has a 1 year low of GBX 175.60 and a 1 year high of GBX 397. The company has a market cap of £144.02 million, a price-to-earnings ratio of 936.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03. The company has a debt-to-equity ratio of 27.70, a quick ratio of 2.61 and a current ratio of 2.93. The firm has a fifty day moving average of GBX 366.99 and a 200-day moving average of GBX 273.25.

Frontier Developments (LON:FDEV) last posted its earnings results on Wednesday, September 10th. The company reported GBX 42.40 EPS for the quarter. Frontier Developments had a negative return on equity of 30.43% and a negative net margin of 24.05%. As a group, equities analysts anticipate that Frontier Developments will post 7.0917759 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David John Braben sold 7,329 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of GBX 379, for a total value of £27,776.91. In the last 90 days, insiders sold 435,955 shares of company stock valued at $162,215,754. 37.66% of the stock is owned by company insiders.

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.