AB Dynamics (LON:ABDP) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,363.29 and traded as low as GBX 1,235.75. AB Dynamics shares last traded at GBX 1,260, with a volume of 69,139 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABDP. Berenberg Bank cut 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. Peel Hunt restated a “buy” rating and issued a GBX 2,400 price target on shares of AB Dynamics in a research note on Tuesday, November 11th. Finally, Shore Capital reaffirmed a “buy” rating and set a GBX 2,100 price objective on shares of AB Dynamics in a report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, AB Dynamics presently has a consensus rating of “Buy” and an average target price of GBX 2,302.50.

AB Dynamics Stock Down 1.8%

The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of £283.11 million, a P/E ratio of 24.02, a PEG ratio of 1.74 and a beta of 0.72. The company has a fifty day moving average price of GBX 1,291.90 and a 200-day moving average price of GBX 1,363.29.

AB Dynamics (LON:ABDP) last released its quarterly earnings results 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, research analysts forecast that AB Dynamics plc will post 68.8259109 EPS for the current fiscal 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.