AB Dynamics (LON:ABDP) Stock Passes Above 50 Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,284.01 and traded as high as GBX 1,285. AB Dynamics shares last traded at GBX 1,283.50, with a volume of 28,739 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABDP. Shore Capital Group reiterated a “buy” rating on shares of AB Dynamics in a report on Thursday. 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 research note on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,116.

AB Dynamics Stock Performance

The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.10 and a current ratio of 2.21. The stock has a fifty day simple moving average of GBX 1,281.01 and a two-hundred day simple moving average of GBX 1,318.60. The stock has a market cap of £272.39 million, a PE ratio of 23.11, a PEG ratio of 1.74 and a beta of 0.26.

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.