Insider Buying: AB Dynamics (LON:ABDP) Insider Buys £16,080 in Stock

AB Dynamics plc (LON:ABDP) insider Sarah Matthews-DeMers purchased 2,000 shares of AB Dynamics stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of GBX 804 per share, for a total transaction of £16,080.

AB Dynamics Trading Up 4.4%

ABDP traded up GBX 34 during midday trading on Thursday, reaching GBX 815. 44,377 shares of the company were exchanged, compared to its average volume of 104,611. 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 stock has a market capitalization of £186.55 million, a P/E ratio of -34.83, a PEG ratio of 1.74 and a beta of 0.33. The stock’s 50-day simple moving average is GBX 956.62 and its 200 day simple moving average is GBX 1,074.79. AB Dynamics plc has a one year low of GBX 718 and a one year high of GBX 1,480.

Analysts Set New Price Targets

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

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.