AB Dynamics (LON:ABDP) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP – Get Free Report) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 816.03 and traded as high as GBX 847. AB Dynamics shares last traded at GBX 813, with a volume of 28,979 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, AB Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,892.50.

Read Our Latest Stock Report on AB Dynamics

AB Dynamics Stock Performance

The company has a debt-to-equity ratio of 2.85, a current ratio of 1.96 and a quick ratio of 2.10. The company has a market capitalization of £186.10 million, a price-to-earnings ratio of -34.74, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34. The firm has a fifty day simple moving average of GBX 816.03 and a 200 day simple moving average of GBX 977.86.

Insider Transactions at AB Dynamics

In related news, insider Sarah Matthews-DeMers bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of GBX 804 per share, for a total transaction of £16,080. 27.89% of the stock is currently owned by insiders.

About AB Dynamics

(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.

Further Reading

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