AB Dynamics (LON:ABDP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

AB Dynamics plc (LON:ABDP) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,108.01 and traded as low as GBX 742. AB Dynamics shares last traded at GBX 755, with a volume of 514,335 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,370 price target on shares of AB Dynamics in a report on Tuesday, April 14th. Berenberg Bank lowered their price objective on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,892.50.

AB Dynamics Trading Up 0.2%

The stock has a market cap of £173.15 million, a PE ratio of -32.33, a PEG ratio of 1.74 and a beta of 0.35. 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’s fifty day moving average price is GBX 1,018.11 and its 200 day moving average price is GBX 1,108.01.

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.