AB Dynamics (LON:ABDP) Stock Crosses Above 50-Day Moving Average of $1,782.42

AB Dynamics plc (LON:ABDPGet Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,782.42 ($22.39) and traded as high as GBX 1,885 ($23.68). AB Dynamics shares last traded at GBX 1,820 ($22.86), with a volume of 56,009 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “buy” rating on shares of AB Dynamics in a research report on Wednesday, April 3rd.

Get Our Latest Research Report on AB Dynamics

AB Dynamics Trading Up 3.3 %

The company has a fifty day simple moving average of GBX 1,782.42 and a two-hundred day simple moving average of GBX 1,716.53. The stock has a market capitalization of £431.33 million, a P/E ratio of 3,084.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.59. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 2.18.

AB Dynamics Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, May 2nd will be paid a dividend of GBX 2.33 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 0.13%. AB Dynamics’s payout ratio is 1,186.44%.

About AB Dynamics

(Get Free Report)

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.

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