AB Dynamics (LON:ABDP) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

AB Dynamics plc (LON:ABDP) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,283.99 and traded as high as GBX 1,335. AB Dynamics shares last traded at GBX 1,305, with a volume of 133,828 shares traded.

Wall Street Analyst Weigh In

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

AB Dynamics Stock Performance

The stock has a market capitalization of £298.71 million, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47. The company has a 50-day moving average price of GBX 1,283.99 and a two-hundred day moving average price of GBX 1,401.24.

AB Dynamics (LON:ABDP) last announced its earnings results on Tuesday, November 11th. The company reported GBX 81.30 EPS for the quarter. AB Dynamics had a return on equity of 10.55% and a net margin of 13.10%. On average, equities analysts forecast that AB Dynamics plc will post 68.8259109 earnings per share for the current 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.