AB Dynamics (LON:ABDP) Stock Crosses Above 50 Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,064.29 and traded as high as GBX 1,096. AB Dynamics shares last traded at GBX 1,066, with a volume of 23,807 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a research note on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,982.50.

AB Dynamics Stock Performance

The business’s fifty day moving average price is GBX 1,064.29 and its two-hundred day moving average price is GBX 1,136.51. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The stock has a market capitalization of £244.01 million, a P/E ratio of -45.56, a P/E/G ratio of 1.74 and a beta of 0.35.

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.