AB Dynamics (LON:ABDP) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

AB Dynamics plc (LON:ABDP) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,288.20 and traded as high as GBX 1,345. AB Dynamics shares last traded at GBX 1,315, with a volume of 51,743 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABDP. 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. Berenberg Bank lowered 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, Peel Hunt reiterated a “buy” rating and set a GBX 2,400 price target on shares of AB Dynamics in a research note on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, AB Dynamics currently has an average rating of “Buy” and an average target price of GBX 2,302.50.

AB Dynamics Stock Performance

The stock has a market cap of £304.44 million, a PE ratio of 25.83, a P/E/G ratio of 1.74 and a beta of 0.72. The firm’s 50-day moving average is GBX 1,288.20 and its 200 day moving average is GBX 1,378.37. 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 issued its quarterly earnings data on Tuesday, November 11th. The company reported GBX 81.30 earnings per share (EPS) for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. As a group, research analysts anticipate that AB Dynamics plc will post 68.8259109 EPS 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.