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

AB Dynamics plc (LON:ABDP)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,253.61 and traded as low as GBX 1,064. AB Dynamics shares last traded at GBX 1,066, with a volume of 122,406 shares traded.

Analysts Set New Price Targets

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

AB Dynamics Stock 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 company has a market cap of £244.92 million, a P/E ratio of 20.78, a PEG ratio of 1.74 and a beta of 0.40. The firm has a 50 day moving average of GBX 1,156.29 and a 200-day moving average of GBX 1,249.43.

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

Insider Activity at AB Dynamics

In other AB Dynamics news, insider Sarah Matthews-DeMers acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was purchased 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.