AB Dynamics (LON:ABDP) Share Price Passes Below 200-Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,947.75 ($23.70) and traded as low as GBX 1,820 ($22.14). AB Dynamics shares last traded at GBX 1,820 ($22.14), with a volume of 19,887 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of AB Dynamics in a research report on Thursday, September 26th.

AB Dynamics Trading Down 2.4 %

The business’s 50-day moving average is GBX 1,969.78 and its two-hundred day moving average is GBX 1,947.04. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.10 and a current ratio of 2.20. The stock has a market capitalization of £417.69 million, a PE ratio of 3,084.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a GBX 5.30 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a yield of 0.26%. This is an increase from AB Dynamics’s previous dividend of $2.33. AB Dynamics’s dividend payout ratio (DPR) is 1,186.44%.

Insider Buying and Selling at AB Dynamics

In other AB Dynamics news, insider James Routh sold 24,170 shares of AB Dynamics stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.12), for a total value of £459,230 ($558,741.94). 28.03% of the stock is owned by corporate 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.