AB Dynamics (LON:ABDP) Sets New 1-Year Low – Here’s What Happened

AB Dynamics plc (LON:ABDP)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 1,100 and last traded at GBX 1,115, with a volume of 126988 shares changing hands. The stock had previously closed at GBX 1,155.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Jefferies Financial Group dropped their target price on AB Dynamics from GBX 1,620 to GBX 1,370 and set a “hold” rating for the company in a research report on Monday, January 26th. Shore Capital Group reissued a “buy” rating on shares of AB Dynamics in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,116.

AB Dynamics Stock Down 0.5%

The stock has a market capitalization of £250.65 million, a P/E ratio of 21.26, a PEG ratio of 1.74 and a beta of 0.26. The stock has a 50 day moving average price of GBX 1,258.81 and a 200-day moving average price of GBX 1,306.96. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.21 and a quick ratio of 2.10.

AB Dynamics Company Profile

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.