AB Dynamics (LON:ABDP) Shares Pass Below 50 Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,056.18 and traded as low as GBX 1,048. AB Dynamics shares last traded at GBX 1,058, with a volume of 105,682 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, AB Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,982.50.

AB Dynamics Stock Performance

The firm has a market cap of £245.80 million, a P/E ratio of -45.89, a PEG ratio of 1.74 and a beta of 0.35. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The stock’s 50-day moving average is GBX 1,057.13 and its 200 day moving average is GBX 1,156.18.

AB Dynamics (LON:ABDP) last posted its earnings results on Tuesday, April 14th. The company reported GBX (53) earnings per share for the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%.The business had revenue of GBX 4,880 million for the quarter. On average, research analysts predict that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

Insider Activity

In other AB Dynamics news, insider Sarah Matthews-DeMers bought 2,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was acquired at an average cost of GBX 1,151 per share, with a total value of £23,020. Corporate insiders own 27.87% of the company’s stock.

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.