Frontier Developments (LON:FDEV) Shares Up 31.9% – Here’s Why

Frontier Developments plc (LON:FDEV)’s stock price shot up 31.9% during mid-day trading on Wednesday . The stock traded as high as GBX 244 ($2.99) and last traded at GBX 244 ($2.99). 347,810 shares were traded during mid-day trading, an increase of 325% from the average session volume of 81,772 shares. The stock had previously closed at GBX 185 ($2.26).

Frontier Developments Trading Down 1.3 %

The stock has a market cap of £87.66 million, a PE ratio of -396.50, a PEG 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 stock has a fifty day moving average price of GBX 214.05 and a 200 day moving average price of GBX 239.24.

Frontier Developments Company Profile

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.