AB Dynamics (LON:ABDP) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,363.29 and traded as low as GBX 1,235.75. AB Dynamics shares last traded at GBX 1,260, with a volume of 69,139 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ABDP shares. Peel Hunt restated a “buy” rating and set a GBX 2,400 target price on shares of AB Dynamics in a research report on Tuesday, November 11th. Shore Capital reissued a “buy” rating and set a GBX 2,100 price objective on shares of AB Dynamics in a research note on Thursday, January 15th. Finally, Berenberg Bank lowered their price objective on AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 2,302.50.

AB Dynamics Stock Performance

The stock has a market capitalization of £283.11 million, a PE ratio of 24.02, a PEG ratio of 1.74 and a beta of 0.72. The business’s 50 day moving average is GBX 1,291.90 and its 200 day moving average is GBX 1,363.29. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47.

AB Dynamics (LON:ABDP) last posted its quarterly earnings data on Tuesday, November 11th. The company reported GBX 81.30 earnings per share for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. On average, equities research analysts predict that AB Dynamics plc will post 68.8259109 earnings per share for the current fiscal year.

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.