AB Dynamics (LON:ABDP) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,065.78 and traded as high as GBX 1,230. AB Dynamics shares last traded at GBX 1,128.64, with a volume of 1,113,609 shares trading hands.

Analyst Ratings Changes

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

AB Dynamics Trading Down 4.0%

The company has a market cap of £258.35 million, a P/E ratio of -48.23, a P/E/G ratio of 1.74 and a beta of 0.32. 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 business has a 50-day moving average price of GBX 1,065.78 and a two-hundred day moving average price of GBX 1,201.51.

AB Dynamics (LON:ABDP) last released its earnings results on Tuesday, April 14th. The company reported GBX (53) earnings per share for the quarter. The firm 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%. On average, analysts predict that AB Dynamics plc will post 68.8259109 EPS for the current year.

Insider Buying and Selling

In related news, insider Sarah Matthews-DeMers acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was acquired at an average price of GBX 1,151 per share, for a total transaction of £23,020. Corporate insiders own 27.86% of the company’s stock.

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.