AB Dynamics (LON:ABDP) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,068.62 and traded as high as GBX 1,082. AB Dynamics shares last traded at GBX 1,060, with a volume of 45,906 shares changing hands.

Analyst Ratings Changes

ABDP has been the subject of several recent research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 1,370 target price on shares of AB Dynamics in a research 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,982.50.

AB Dynamics Price Performance

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 market cap of £238.06 million, a PE ratio of -44.44, a P/E/G ratio of 1.74 and a beta of 0.36. The firm’s fifty day simple moving average is GBX 1,068.62 and its two-hundred day simple moving average is GBX 1,184.85.

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

Insiders Place Their Bets

In other news, insider Sarah Matthews-DeMers purchased 2,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were acquired 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.