AB Dynamics (LON:ABDP) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,108.01 and traded as low as GBX 742. AB Dynamics shares last traded at GBX 755, with a volume of 514,335 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABDP. Berenberg Bank dropped their price target on shares of AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,370 price objective on shares of AB Dynamics in a report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,892.50.

AB Dynamics Stock Performance

The company has a market cap of £173.15 million, a P/E ratio of -32.33, a P/E/G ratio of 1.74 and a beta of 0.35. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85. The business has a fifty day simple moving average of GBX 1,018.11 and a two-hundred day simple moving average of GBX 1,108.01.

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.