AB Dynamics (LON:ABDP) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,056.18 and traded as low as GBX 1,048. AB Dynamics shares last traded at GBX 1,058, with a volume of 105,682 shares changing hands.

Analyst Ratings Changes

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

AB Dynamics Price Performance

The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The business’s 50 day simple moving average is GBX 1,056.18 and its 200-day simple moving average is GBX 1,156.76. The stock has a market capitalization of £244.68 million, a price-to-earnings ratio of -45.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.35.

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

Insider Transactions at AB Dynamics

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

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.