AB Dynamics (LON:ABDP) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,328.67 and traded as low as GBX 1,260. AB Dynamics shares last traded at GBX 1,300, with a volume of 51,455 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ABDP shares. Shore Capital Group reissued a “buy” rating and issued a GBX 2,100 price objective on shares of AB Dynamics in a report on Thursday, January 15th. Jefferies Financial Group reduced their price target on shares of AB Dynamics from GBX 1,620 to GBX 1,370 and set a “hold” rating for the company in a research note on Monday, January 26th. Peel Hunt reissued a “buy” rating and set a GBX 2,400 target price on shares of AB Dynamics in a report on Tuesday, November 11th. Finally, Berenberg Bank decreased their price target on AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, AB Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,116.

AB Dynamics Stock Performance

The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of £303.06 million, a PE ratio of 25.71, a PEG ratio of 1.74 and a beta of 0.72. The firm’s 50-day simple moving average is GBX 1,285.52 and its two-hundred day simple moving average is GBX 1,328.67.

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.