AB Dynamics (LON:ABDP) Stock Crosses Above 50 Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,748.91 ($23.42) and traded as high as GBX 1,883.80 ($25.23). AB Dynamics shares last traded at GBX 1,870 ($25.04), with a volume of 16,690 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABDP. Shore Capital reaffirmed a “buy” rating on shares of AB Dynamics in a research note on Wednesday, April 23rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 2,650 ($35.49) target price on shares of AB Dynamics in a report on Wednesday, April 23rd.

AB Dynamics Price Performance

The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. The firm’s fifty day moving average price is GBX 1,749.79 and its 200-day moving average price is GBX 1,839.67. The stock has a market cap of £428.62 million, a P/E ratio of 31.43, a PEG ratio of 1.74 and a beta of 0.72.

AB Dynamics (LON:ABDP) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported GBX 37.50 ($0.50) earnings per share (EPS) for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. Analysts forecast that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

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.