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

AB Dynamics plc (LON:ABDP)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,069.30 and traded as high as GBX 1,107.90. AB Dynamics shares last traded at GBX 1,044, with a volume of 569,881 shares trading hands.

Analyst Ratings Changes

ABDP has been the topic of several research reports. Shore Capital Group reiterated a “buy” rating on shares of AB Dynamics in a research report on Thursday, March 12th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,370 price objective on shares of AB Dynamics in a research report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,982.50.

AB Dynamics Trading Up 0.3%

The firm has a market cap of £239.70 million, a price-to-earnings ratio of -44.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.36. The business has a 50 day moving average of GBX 1,069.30 and a 200 day moving average of GBX 1,194.92. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85.

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

Insider Buying and Selling at AB Dynamics

In other news, insider Sarah Matthews-DeMers acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was acquired 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 corporate 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.