AB Dynamics (LON:ABDP) Shares Pass Above 50 Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,408 ($18.73) and traded as high as GBX 1,475 ($19.62). AB Dynamics shares last traded at GBX 1,405 ($18.69), with a volume of 79,182 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 2,100 price target on shares of AB Dynamics in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 2,375.

AB Dynamics Price Performance

The stock has a 50-day moving average price of GBX 1,408 and a 200 day moving average price of GBX 1,591.32. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10. The firm has a market cap of £319.79 million, a price-to-earnings ratio of 3,065.48, a PEG ratio of 1.74 and a beta of 0.72.

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.