AB Dynamics (LON:ABDP) Hits New 52-Week Low – Here’s Why

AB Dynamics plc (LON:ABDP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 1,175 and last traded at GBX 1,190, with a volume of 22303 shares trading hands. The stock had previously closed at GBX 1,240.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of AB Dynamics from GBX 1,620 to GBX 1,370 and set a “hold” rating for the company in a report on Monday, January 26th. Shore Capital Group reaffirmed a “buy” rating on shares of AB Dynamics in a research report on Thursday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,116.

AB Dynamics Stock Performance

The company has a market cap of £272.39 million, a P/E ratio of 23.11, a P/E/G ratio of 1.74 and a beta of 0.26. The company has a quick ratio of 2.10, a current ratio of 2.21 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of GBX 1,283.01 and a two-hundred day simple moving average of GBX 1,319.49.

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.