AB Dynamics (LON:ABDP) Hits New 52-Week Low on Analyst Downgrade

AB Dynamics plc (LON:ABDP)’s stock price hit a new 52-week low during mid-day trading on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 1,700 to GBX 1,350. Berenberg Bank currently has a buy rating on the stock. AB Dynamics traded as low as GBX 718 and last traded at GBX 718, with a volume of 265,955 shares. The stock had previously closed at GBX 795.

Insiders Place Their Bets

In other news, insider Sarah Matthews-DeMers bought 600 shares of the stock in a transaction on Friday, September 25th. The stock was acquired at an average price of GBX 824 per share, with a total value of £4,944. 27.89% of the stock is owned by corporate insiders.

AB Dynamics Price Performance

The company has a 50 day moving average price of GBX 820.47 and a 200-day moving average price of GBX 1,007.90. 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 company has a market cap of £164.35 million, a price-to-earnings ratio of -30.68, a P/E/G ratio of 1.74 and a beta of 0.34.

AB Dynamics (LON:ABDP) last issued its quarterly earnings data on Tuesday, November 10th. The company reported GBX 60.90 earnings per share (EPS) for the quarter. AB Dynamics had a negative net margin of 5.02% and a negative return on equity of 3.98%. The business had revenue of GBX 9,160 million during the quarter. As a group, equities research analysts predict that AB Dynamics plc will post 68.83 EPS for the current fiscal year.

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.