AB Dynamics (LON:ABDP) Shares Cross Above Fifty Day Moving Average of $1,776.58

Shares of AB Dynamics plc (LON:ABDP) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,776.58 ($22.12) and traded as high as GBX 1,800 ($22.41). AB Dynamics shares last traded at GBX 1,800 ($22.41), with a volume of 33,444 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of AB Dynamics in a report on Wednesday, April 3rd.

AB Dynamics Trading Down 2.2 %

The firm has a market capitalization of £403.57 million, a P/E ratio of 3,744.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.66. The stock’s 50-day simple moving average is GBX 1,776.68 and its two-hundred day simple moving average is GBX 1,695.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.98 and a quick ratio of 2.10.

AB Dynamics Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 8th were given a GBX 4.42 ($0.06) dividend. This is a positive change from AB Dynamics’s previous dividend of $1.94. This represents a dividend yield of 0.26%. The ex-dividend date was Thursday, February 8th. AB Dynamics’s dividend payout ratio is presently 1,276.60%.

About AB Dynamics

AB Dynamics plc designs, develops, manufactures, and supplies vehicle test and development systems, and verification products and services for driver assistance systems, autonomous system, and vehicle dynamics. The company offers advanced vehicle testing solutions from physical proving ground automation to large scale virtual testing in simulation; rFpro, a simulation environment for the automotive and motorsport industries; and full-scale track testing services, including ADAS and vehicle dynamics tests, along with applied research, human factors, and simulation.