AB Dynamics (LON:ABDP) Shares Cross Above Fifty Day Moving Average of $1,776.58

AB Dynamics plc (LON:ABDP)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,776.58 ($22.12) and traded as high as GBX 1,800 ($22.41). AB Dynamics shares last traded at GBX 1,800 ($22.41), with a volume of 33,444 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of AB Dynamics in a research note on Wednesday, April 3rd.

AB Dynamics Stock Down 2.2 %

The firm has a market capitalization of £403.57 million, a price-to-earnings ratio of 3,744.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.66. The company has a current ratio of 1.98, a quick ratio of 2.10 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of GBX 1,776.68 and a two-hundred day moving average price of GBX 1,695.54.

AB Dynamics Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 6th. Stockholders of record on Thursday, February 8th were paid a GBX 4.42 ($0.06) dividend. This is a positive change from AB Dynamics’s previous dividend of $1.94. This represents a dividend yield of 0.26%. The ex-dividend date was Thursday, February 8th. AB Dynamics’s payout ratio is currently 1,276.60%.

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.