AB Dynamics (LON:ABDP) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of AB Dynamics plc (LON:ABDP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,166.85 and traded as low as GBX 1,032. AB Dynamics shares last traded at GBX 1,090, with a volume of 52,479 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ABDP. Jefferies Financial Group restated 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 reiterated a “buy” rating on shares of AB Dynamics in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,982.50.

AB Dynamics Price Performance

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 company has a 50-day moving average of GBX 1,055.70 and a 200-day moving average of GBX 1,166.85. The firm has a market capitalization of £249.50 million, a price-to-earnings ratio of -46.58, a price-to-earnings-growth ratio of 1.74 and a beta of 0.36.

AB Dynamics (LON:ABDP) last announced its earnings results on Tuesday, April 14th. The company reported GBX (53) EPS for the quarter. The company had revenue of GBX 4,880 million for the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%. As a group, research analysts anticipate that AB Dynamics plc will post 68.8259109 EPS for the current fiscal year.

Insider Activity

In related news, insider Sarah Matthews-DeMers acquired 2,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was bought at an average price of GBX 1,151 per share, with a total value of £23,020. 27.87% of the stock is 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.