AB Dynamics (LON:ABDP) Shares Pass Above 50-Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,406.40 ($18.88) and traded as high as GBX 1,425 ($19.13). AB Dynamics shares last traded at GBX 1,385 ($18.60), with a volume of 37,269 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating and set a GBX 2,100 price objective on shares of AB Dynamics in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, AB Dynamics presently has a consensus rating of “Buy” and a consensus price target of GBX 2,375.

AB Dynamics Stock Up 1.5%

The stock has a 50 day simple moving average of GBX 1,406.40 and a 200-day simple moving average of GBX 1,572.20. The firm has a market cap of £316.85 million, a PE ratio of 3,037.28, a PEG ratio of 1.74 and a beta of 0.72. 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.