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

AB Dynamics plc (LON:ABDP)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,088.21 and traded as low as GBX 819. AB Dynamics shares last traded at GBX 842, with a volume of 270,614 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,892.50.

AB Dynamics Price Performance

The firm has a 50-day simple moving average of GBX 972.54 and a two-hundred day simple moving average of GBX 1,086.34. The company has a market capitalization of £188.16 million, a price-to-earnings ratio of -35.13, a P/E/G ratio of 1.74 and a beta of 0.33. The company has a current ratio of 1.96, a quick ratio of 2.10 and a debt-to-equity ratio of 2.85.

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.