AB Dynamics (LON:ABDP) Stock Passes Above 50-Day Moving Average – Time to Sell?

Shares of AB Dynamics plc (LON:ABDP) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,292.55 and traded as high as GBX 1,350. AB Dynamics shares last traded at GBX 1,270, with a volume of 12,537 shares traded.

Analyst Ratings Changes

ABDP has been the subject of a number of recent research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,400 price target on shares of AB Dynamics in a research report on Tuesday, November 11th. Berenberg Bank reduced their target price on shares of AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 2,100 price target on shares of AB Dynamics in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 2,302.50.

AB Dynamics Trading Down 0.8%

The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10. The firm has a market capitalization of £290.70 million, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The business’s 50-day moving average is GBX 1,292.55 and its 200 day moving average is GBX 1,422.33.

AB Dynamics (LON:ABDP) last announced its quarterly earnings data on Tuesday, November 11th. The company reported GBX 81.30 earnings per share for the quarter. AB Dynamics had a return on equity of 10.55% and a net margin of 13.10%. As a group, analysts anticipate that AB Dynamics plc will post 68.8259109 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.