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

AB Dynamics plc (LON:ABDP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,208.12 and traded as low as GBX 1,053.34. AB Dynamics shares last traded at GBX 1,063.04, with a volume of 46,820 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Shore Capital Group restated a “buy” rating on shares of AB Dynamics in a research note on Thursday, March 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,370 price target on shares of AB Dynamics in a research report 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,982.50.

AB Dynamics Stock Up 0.3%

The company’s fifty day moving average is GBX 1,069.10 and its 200-day moving average is GBX 1,208.12. The company has a market capitalization of £243.33 million, a PE ratio of -45.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.32. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96.

AB Dynamics (LON:ABDP) last announced its quarterly earnings data on Tuesday, April 14th. The company reported GBX (53) earnings per share (EPS) for the quarter. AB Dynamics had a negative net margin of 5.02% and a negative return on equity of 3.98%. The company had revenue of GBX 4,880 million for the quarter. As a group, analysts predict that AB Dynamics plc will post 68.8259109 EPS for the current fiscal year.

Insider Transactions at AB Dynamics

In related news, insider Sarah Matthews-DeMers purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was bought at an average cost of GBX 1,151 per share, for a total transaction of £23,020. 27.86% of the stock is currently owned by corporate insiders.

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.