AB Dynamics (LON:ABDP) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of AB Dynamics plc (LON:ABDP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,108.01 and traded as low as GBX 742. AB Dynamics shares last traded at GBX 755, with a volume of 514,335 shares trading hands.

Wall Street Analyst Weigh In

ABDP has been the subject of a number of recent research reports. Berenberg Bank reduced their price objective on shares of AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,370 target price on shares of AB Dynamics in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, AB Dynamics currently has an average rating of “Moderate Buy” and an average price target of GBX 1,892.50.

AB Dynamics Trading Up 2.1%

The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The firm has a market cap of £176.25 million, a P/E ratio of -32.91, a P/E/G ratio of 1.74 and a beta of 0.35. The firm has a 50 day simple moving average of GBX 1,002.63 and a 200 day simple moving average of GBX 1,101.62.

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.