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

Shares of AB Dynamics plc (LON:ABDP) reached a new 52-week low on Wednesday . The stock traded as low as GBX 956 and last traded at GBX 996, with a volume of 237301 shares. The stock had previously closed at GBX 1,010.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ABDP shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a report on Tuesday, April 14th. Shore Capital Group reiterated a “buy” rating on shares of AB Dynamics in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,982.50.

AB Dynamics Stock Up 5.1%

The firm has a market capitalization of £247.21 million, a P/E ratio of -46.15, a PEG ratio of 1.74 and a beta of 0.36. The firm’s 50-day moving average is GBX 1,057.82 and its 200 day moving average is GBX 1,172.99. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96.

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

Insider Activity

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

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.