AB Dynamics (LON:ABDP) Hits New 52-Week High at $2,120.00

AB Dynamics plc (LON:ABDP)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 2,120 ($26.94) and last traded at GBX 2,120 ($26.94), with a volume of 39981 shares changing hands. The stock had previously closed at GBX 2,060 ($26.18).

Wall Street Analysts Forecast Growth

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

AB Dynamics Price Performance

The company has a debt-to-equity ratio of 2.18, a current ratio of 2.20 and a quick ratio of 2.10. The company has a market capitalization of £500.31 million, a PE ratio of 3,694.92, a price-to-earnings-growth ratio of 1.74 and a beta of 0.57. The stock’s 50 day simple moving average is GBX 1,824.02 and its 200-day simple moving average is GBX 1,764.22.

AB Dynamics Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, May 17th. Shareholders of record on Thursday, May 2nd were issued a GBX 2.33 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a yield of 0.13%. AB Dynamics’s dividend payout ratio (DPR) is 1,186.44%.

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.