AB Dynamics (LON:ABDP – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX 60.90 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 9,160 million during the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%.
AB Dynamics Trading Down 6.1%
AB Dynamics stock traded down GBX 48.60 during midday trading on Tuesday, reaching GBX 746.40. The stock had a trading volume of 139,875 shares, compared to its average volume of 122,272. The stock’s 50-day simple moving average is GBX 820.47 and its 200 day simple moving average is GBX 1,007.90. AB Dynamics has a twelve month low of GBX 718 and a twelve month high of GBX 1,350. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The stock has a market capitalization of £170.85 million, a PE ratio of -31.90, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34.
Wall Street Analyst Weigh In
Separately, Berenberg Bank dropped their target price on shares of AB Dynamics from GBX 1,700 to GBX 1,350 and set a “buy” rating for the company in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,805.
Check Out Our Latest Report on AB Dynamics
Insiders Place Their Bets
In other AB Dynamics news, insider Sarah Matthews-DeMers purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of GBX 804 per share, with a total value of £16,080. 27.89% of the stock is currently owned by company insiders.
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.
See Also
- Five stocks we like better than AB Dynamics
- Axon vs. Motorola: Which Public Safety Stock Has More Upside After Q3 Earnings?
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
Receive News & Ratings for AB Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
