Alex Bevis Purchases 5,680 Shares of Frontier Developments plc (LON:FDEV) Stock

Frontier Developments plc (LON:FDEVGet Rating) insider Alex Bevis acquired 5,680 shares of Frontier Developments stock in a transaction dated Monday, January 23rd. The shares were acquired at an average price of GBX 505 ($6.16) per share, with a total value of £28,684 ($35,001.83).

Frontier Developments Stock Performance

Shares of Frontier Developments stock traded down GBX 7.50 ($0.09) during trading hours on Monday, hitting GBX 485 ($5.92). 235,363 shares of the company’s stock traded hands, compared to its average volume of 455,350. The stock has a market capitalization of £191.20 million and a price-to-earnings ratio of 2,052.08. Frontier Developments plc has a 12-month low of GBX 442.50 ($5.40) and a 12-month high of GBX 1,648 ($20.11). The company has a debt-to-equity ratio of 17.52, a current ratio of 2.77 and a quick ratio of 2.61. The company has a fifty day simple moving average of GBX 970.92 and a 200-day simple moving average of GBX 1,242.

Analyst Ratings Changes

A number of research firms recently commented on FDEV. Numis Securities reissued a “sell” rating on shares of Frontier Developments in a research report on Thursday. Shore Capital reissued a “buy” rating on shares of Frontier Developments in a research report on Wednesday, January 4th. Finally, Credit Suisse Group decreased their price objective on shares of Frontier Developments from GBX 1,855 ($22.64) to GBX 1,800 ($21.96) and set an “outperform” rating for the company in a research note on Monday, September 26th.

About Frontier Developments

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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. Frontier Developments plc was incorporated in 1994 and is headquartered in Cambridge, the United Kingdom.

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