AB Dynamics (LON:ABDP) Shares Cross Above 50-Day Moving Average of $1,999.99

AB Dynamics plc (LON:ABDP)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,999.99 ($25.37) and traded as high as GBX 2,130 ($27.02). AB Dynamics shares last traded at GBX 2,080 ($26.39), with a volume of 9,646 shares traded.

Wall Street Analyst Weigh In

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

AB Dynamics Trading Down 1.0 %

The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 2.18. The company has a market capitalization of £475.07 million, a P/E ratio of 3,508.47, a PEG ratio of 1.74 and a beta of 0.57. The business has a 50 day moving average price of GBX 2,011.29 and a 200 day moving average price of GBX 1,848.56.

AB Dynamics Cuts Dividend

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

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.