AB Dynamics (LON:ABDP) Reaches New 1-Year Low – Should You Sell?

AB Dynamics plc (LON:ABDP)’s share price hit a new 52-week low on Thursday . The company traded as low as GBX 1,100 and last traded at GBX 1,115, with a volume of 126988 shares changing hands. The stock had previously closed at GBX 1,155.

Analysts Set New Price Targets

A number of research analysts have weighed in on ABDP shares. Jefferies Financial Group reduced their price target on shares of AB Dynamics from GBX 1,620 to GBX 1,370 and set a “hold” rating on the stock in a research report on Monday, January 26th. Shore Capital Group restated a “buy” rating on shares of AB Dynamics in a research note on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,116.

AB Dynamics Stock Down 3.5%

The company has a debt-to-equity ratio of 2.36, a current ratio of 2.21 and a quick ratio of 2.10. The stock has a market capitalization of £255.22 million, a P/E ratio of 21.65, a PEG ratio of 1.74 and a beta of 0.26. The stock’s fifty day moving average is GBX 1,267.51 and its two-hundred day moving average is GBX 1,310.61.

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.