AB Dynamics (LON:ABDP) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of AB Dynamics plc (LON:ABDP) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1,068.62 and traded as high as GBX 1,082. AB Dynamics shares last traded at GBX 1,060, with a volume of 45,906 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ABDP shares. Shore Capital Group reissued a “buy” rating on shares of AB Dynamics in a report on Thursday, March 12th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,370 target price on shares of AB Dynamics in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,982.50.

AB Dynamics Price Performance

The firm’s fifty day moving average price is GBX 1,068.62 and its 200 day moving average price is GBX 1,184.85. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85. The stock has a market cap of £238.06 million, a PE ratio of -44.44, a P/E/G ratio of 1.74 and a beta of 0.36.

AB Dynamics (LON:ABDP) last released its earnings results on Tuesday, April 14th. The company reported GBX (53) EPS for the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%.The company had revenue of GBX 4,880 million during the quarter. As a group, equities analysts expect that AB Dynamics plc will post 68.8259109 EPS for the current fiscal year.

Insider Transactions at AB Dynamics

In other AB Dynamics news, insider Sarah Matthews-DeMers purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were bought at an average price of GBX 1,151 per share, with a total value of £23,020. 27.87% of the stock is currently owned by insiders.

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.