AB Dynamics (LON:ABDP) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,395.46 ($18.61) and traded as low as GBX 1,311.61 ($17.49). AB Dynamics shares last traded at GBX 1,325 ($17.67), with a volume of 675,877 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating and issued a GBX 2,100 price target on shares of AB Dynamics in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 2,375.

AB Dynamics Price Performance

The company has a market cap of £303.12 million, a P/E ratio of 29.06, a PEG ratio of 1.74 and a beta of 0.72. The company has a fifty day simple moving average of GBX 1,395.46 and a 200-day simple moving average of GBX 1,562.12. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10.

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.