AB Dynamics (LON:ABDP) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of AB Dynamics plc (LON:ABDP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,208.12 and traded as low as GBX 1,053.34. AB Dynamics shares last traded at GBX 1,063.04, with a volume of 46,820 shares trading hands.

Wall Street Analysts Forecast Growth

ABDP has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,370 price objective on shares of AB Dynamics in a report on Tuesday, April 14th. Shore Capital Group reaffirmed a “buy” rating on shares of AB Dynamics in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, AB Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,982.50.

AB Dynamics Trading Up 0.3%

The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85. The firm has a 50 day moving average of GBX 1,069.10 and a 200 day moving average of GBX 1,208.12. The firm has a market cap of £243.33 million, a PE ratio of -45.43, a P/E/G ratio of 1.74 and a beta of 0.32.

AB Dynamics (LON:ABDP) last posted its quarterly earnings data on Tuesday, April 14th. The company reported GBX (53) EPS for the quarter. The firm had revenue of GBX 4,880 million during the quarter. AB Dynamics had a negative net margin of 5.02% and a negative return on equity of 3.98%. Equities analysts anticipate that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

Insider Activity

In related news, insider Sarah Matthews-DeMers bought 2,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were purchased at an average price of GBX 1,151 per share, for a total transaction of £23,020. 27.86% of the stock is currently owned by corporate 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.