Frontier Developments (FDEV) Sets New 52-Week High at $1,540.00

Frontier Developments PLC (LON:FDEV) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,540 ($20.88) and last traded at GBX 1,480.31 ($20.07), with a volume of 124840 shares trading hands. The stock had previously closed at GBX 1,480.31 ($20.07).

FDEV has been the subject of several recent research reports. Liberum Capital reissued a “buy” rating and issued a GBX 1,250 ($16.95) price objective on shares of Frontier Developments in a research note on Tuesday, September 19th. FinnCap reissued a “corporate” rating and issued a GBX 1,332 ($18.06) price objective on shares of Frontier Developments in a research note on Thursday, November 9th.

The stock has a market capitalization of $569.28 and a P/E ratio of 6,728.68.

In other news, insider David John Walsh purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average price of GBX 1,304 ($17.68) per share, for a total transaction of £45,640 ($61,893.14).

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Frontier Developments Company Profile

Frontier Developments plc is engaged in developing non-game applications and video games for the entertainment sector. The Company’s segments include self-published and external publishers. The self-published segment is engaged in sales of the game and digital in-game. The Company has completed work for external publishers, including Screamride and Tales from Deep Space.

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