AB Dynamics (LON:ABDP) Share Price 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 traded.

Analysts Set New Price Targets

Several analysts have weighed in on ABDP shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,370 target price on shares of AB Dynamics in a research note on Tuesday, April 14th. Berenberg Bank lowered their price target on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,892.50.

AB Dynamics Price Performance

The business has a 50-day simple moving average of GBX 1,051.35 and a two-hundred day simple moving average of GBX 1,128.24. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85. The stock has a market capitalization of £164.81 million, a price-to-earnings ratio of -30.77, a P/E/G ratio of 1.74 and a beta of 0.35.

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.