AB Dynamics (LON:ABDP) Share Price Passes Above Fifty Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,069.30 and traded as high as GBX 1,107.90. AB Dynamics shares last traded at GBX 1,044, with a volume of 569,881 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a research note on Tuesday, April 14th. Shore Capital Group reissued a “buy” rating on shares of AB Dynamics in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, AB Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,982.50.

AB Dynamics Stock Up 0.3%

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 capitalization of £239.70 million, a price-to-earnings ratio of -44.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.36. The firm’s 50-day simple moving average is GBX 1,069.30 and its two-hundred day simple moving average is GBX 1,194.92.

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

Insider Transactions at AB Dynamics

In other news, insider Sarah Matthews-DeMers acquired 2,000 shares of AB Dynamics stock in a transaction that occurred on Tuesday, April 14th. The stock was purchased at an average cost of GBX 1,151 per share, with a total value of £23,020. Corporate insiders own 27.87% of the company’s stock.

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.