AB Dynamics (LON:ABDP) Shares Pass Above 50 Day Moving Average of $1,776.58

AB Dynamics plc (LON:ABDP)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,776.58 ($22.12) and traded as high as GBX 1,800 ($22.41). AB Dynamics shares last traded at GBX 1,800 ($22.41), with a volume of 33,444 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of AB Dynamics in a research note on Wednesday, April 3rd.

AB Dynamics Stock Performance

The stock has a fifty day simple moving average of GBX 1,776.58 and a two-hundred day simple moving average of GBX 1,695.30. The stock has a market cap of £412.65 million, a price-to-earnings ratio of 3,829.79, a P/E/G ratio of 1.74 and a beta of 0.66. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.10 and a current ratio of 1.98.

AB Dynamics Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 6th. Shareholders of record on Thursday, February 8th were issued a GBX 4.42 ($0.06) dividend. This represents a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from AB Dynamics’s previous dividend of $1.94. AB Dynamics’s dividend payout ratio (DPR) is currently 1,276.60%.

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.