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

Shares of AB Dynamics plc (LON:ABDP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,893.29 ($24.40) and traded as low as GBX 1,740 ($22.43). AB Dynamics shares last traded at GBX 1,780 ($22.94), with a volume of 29,491 shares traded.

AB Dynamics Price Performance

The business’s 50-day moving average price is GBX 1,820.84 and its two-hundred day moving average price is GBX 1,893.29. The firm has a market cap of £409.03 million, a price-to-earnings ratio of 29.99, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10.

AB Dynamics Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date of this dividend was Thursday, January 16th. This is a boost from AB Dynamics’s previous dividend of $2.33. This represents a yield of 0.26%. AB Dynamics’s dividend payout ratio (DPR) is 11.83%.

Insider Buying and Selling at AB Dynamics

In other news, insider James Routh sold 24,170 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of GBX 1,900 ($24.49), for a total transaction of £459,230 ($591,943.80). 28.03% of the stock is currently owned by company insiders.

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.