AB Dynamics (LON:ABDP) Trading Down 29.5% – What’s Next?

AB Dynamics plc (LON:ABDP)’s share price traded down 29.5% during mid-day trading on Tuesday . The company traded as low as GBX 751 and last traded at GBX 751. 334,630 shares changed hands during mid-day trading, an increase of 241% from the average daily volume of 98,034 shares. The stock had previously closed at GBX 1,066.

Wall Street Analyst Weigh In

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

AB Dynamics Stock Performance

The business has a 50-day moving average of GBX 1,064.29 and a 200 day moving average of GBX 1,136.51. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.96 and a quick ratio of 2.10. The company has a market cap of £171.90 million, a PE ratio of -32.09, a PEG 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.