AB Dynamics (LON:ABDP) Shares Pass Below 200-Day Moving Average – Time to Sell?

AB Dynamics plc (LON:ABDPGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,217.32 and traded as low as GBX 1,002. AB Dynamics shares last traded at GBX 1,028, with a volume of 45,226 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABDP. Shore Capital Group restated a “buy” rating on shares of AB Dynamics in a report on Thursday, March 12th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,982.50.

Check Out Our Latest Report on AB Dynamics

AB Dynamics Stock Performance

The stock has a 50-day simple moving average of GBX 1,089.23 and a 200-day simple moving average of GBX 1,216.13. The company has a market capitalization of £239.89 million, a price-to-earnings ratio of -44.79, a price-to-earnings-growth ratio of 1.74 and a beta of 0.32. The company has a current ratio of 1.96, a quick ratio of 2.10 and a debt-to-equity ratio of 2.85.

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

Insider Activity

In other AB Dynamics news, insider Sarah Matthews-DeMers bought 2,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were bought at an average cost of GBX 1,151 per share, with a total value of £23,020. 27.86% of the stock is currently owned by insiders.

AB Dynamics Company Profile

(Get Free Report)

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.

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