AB Dynamics (LON:ABDP) Reaches New 52-Week Low – Here’s Why

Shares of AB Dynamics plc (LON:ABDP) hit a new 52-week low on Friday . The stock traded as low as GBX 1,530 ($19.73) and last traded at GBX 1,575 ($20.31), with a volume of 50795 shares trading hands. The stock had previously closed at GBX 1,700 ($21.92).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of AB Dynamics in a research report on Tuesday, March 25th.

AB Dynamics Trading Down 7.4 %

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 firm has a market capitalization of £362.95 million, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The firm’s 50 day moving average is GBX 1,793.43 and its 200 day moving average is GBX 1,870.98.

AB Dynamics Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, January 16th. This represents a yield of 0.26%. This is a boost from AB Dynamics’s previous dividend of $2.33. AB Dynamics’s dividend payout ratio (DPR) is currently 11.83%.

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.