AB Dynamics (LON:ABDP) Hits New 52-Week Low After Analyst Downgrade

AB Dynamics plc (LON:ABDP)’s stock price hit a new 52-week low during mid-day trading on Wednesday after Berenberg Bank lowered their price target on the stock from GBX 2,060 to GBX 1,700. Berenberg Bank currently has a buy rating on the stock. AB Dynamics traded as low as GBX 718 and last traded at GBX 720, with a volume of 188366 shares traded. The stock had previously closed at GBX 751.

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,370 price objective on shares of AB Dynamics in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,892.50.

AB Dynamics Price Performance

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 £164.81 million, a P/E ratio of -30.77, a P/E/G ratio of 1.74 and a beta of 0.35. The firm has a 50 day moving average price of GBX 1,058.47 and a 200 day moving average price of GBX 1,132.46.

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.