Insider Buying: AB Dynamics (LON:ABDP) Insider Acquires £16,080 in Stock

AB Dynamics plc (LON:ABDP) insider Sarah Matthews-DeMers acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of GBX 804 per share, for a total transaction of £16,080.

AB Dynamics Trading Up 1.5%

LON:ABDP opened at GBX 817 on Friday. AB Dynamics plc has a 12 month low of GBX 718 and a 12 month high of GBX 1,480. The company has a current ratio of 1.96, a quick ratio of 2.10 and a debt-to-equity ratio of 2.85. The company has a 50 day simple moving average of GBX 947.38 and a two-hundred day simple moving average of GBX 1,069.66. The company has a market cap of £187.01 million, a PE ratio of -34.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.33.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their target price on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating for the company in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,892.50.

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.