AB Dynamics (LON:ABDP) Stock Passes Below 200-Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,038.32 and traded as low as GBX 826.40. AB Dynamics shares last traded at GBX 841, with a volume of 120,717 shares.

Analyst Upgrades and Downgrades

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

AB Dynamics Stock Performance

The stock’s 50-day moving average price is GBX 907.12 and its 200-day moving average price is GBX 1,038.32. 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 market capitalization of £192.50 million, a P/E ratio of -35.94, a P/E/G ratio of 1.74 and a beta of 0.33.

Insiders Place Their Bets

In related news, insider Sarah Matthews-DeMers bought 2,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of GBX 804 per share, with a total value of £16,080. 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.