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

AB Dynamics plc (LON:ABDP)’s stock price 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 traded.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,370 target price on shares of AB Dynamics in a research note on Tuesday, April 14th. Shore Capital Group reaffirmed a “buy” rating on shares of AB Dynamics in a research note 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,982.50.

AB Dynamics Stock Down 3.0%

The company has a debt-to-equity ratio of 2.85, a current ratio of 1.96 and a quick ratio of 2.10. The stock has a market cap of £233.02 million, a price-to-earnings ratio of -43.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.36. The firm has a 50 day simple moving average of GBX 1,068.22 and a two-hundred day simple moving average of GBX 1,182.99.

AB Dynamics (LON:ABDP) last posted 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 return on equity of 3.98% and a negative net margin of 5.02%. As a group, sell-side 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 AB Dynamics stock in a transaction dated Tuesday, April 14th. The shares were bought at an average cost of GBX 1,151 per share, with a total value of £23,020. Company insiders own 27.87% 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.