AB Dynamics (LON:ABDP) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,729.05 ($23.39) and traded as high as GBX 1,770 ($23.94). AB Dynamics shares last traded at GBX 1,765 ($23.88), with a volume of 152,133 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ABDP. Shore Capital reissued a “buy” rating on shares of AB Dynamics in a report on Wednesday, April 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 2,650 ($35.85) price target on shares of AB Dynamics in a research note on Wednesday, April 23rd.

AB Dynamics Stock Up 0.6%

The company has a market capitalization of £406.73 million, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The firm’s 50-day simple moving average is GBX 1,729.05 and its 200 day simple moving average is GBX 1,826.16. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.10 and a current ratio of 2.06.

AB Dynamics (LON:ABDP) last released its quarterly earnings results on Wednesday, April 23rd. The company reported GBX 37.50 ($0.51) earnings per share for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. As a group, equities research analysts forecast that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

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.