AB Dynamics (LON:ABDP) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,328.67 and traded as low as GBX 1,260. AB Dynamics shares last traded at GBX 1,300, with a volume of 51,455 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Shore Capital Group reiterated a “buy” rating and set a GBX 2,100 target price on shares of AB Dynamics in a report on Thursday, January 15th. Jefferies Financial Group decreased their price objective on shares of 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. Berenberg Bank cut their price target on AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 2,400 price target on shares of AB Dynamics in a report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, AB Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,116.

AB Dynamics Trading Up 0.3%

The stock has a market cap of £303.06 million, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.74 and a beta of 0.72. The business’s fifty day simple moving average is GBX 1,285.52 and its 200 day simple moving average is GBX 1,328.67. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10.

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.