AB Dynamics (LON:ABDP) Stock Crosses Below 200-Day Moving Average – Time to Sell?

AB Dynamics plc (LON:ABDP)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,487.60 and traded as low as GBX 1,275. AB Dynamics shares last traded at GBX 1,315, with a volume of 48,696 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ABDP shares. Berenberg Bank reduced their target price on shares of AB Dynamics from GBX 2,650 to GBX 2,060 and set a “buy” rating for the company in a report on Tuesday, November 11th. Peel Hunt reissued a “buy” rating and issued a GBX 2,400 price objective on shares of AB Dynamics in a research note on Tuesday, November 11th. Finally, Shore Capital restated a “buy” rating and set a GBX 2,100 target price on shares of AB Dynamics in a research note on Tuesday, September 23rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AB Dynamics currently has an average rating of “Buy” and an average target price of GBX 2,302.50.

AB Dynamics Stock Up 1.2%

The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. The company has a market capitalization of £300.83 million, a PE ratio of 28.84, a PEG ratio of 1.74 and a beta of 0.72. The company’s 50 day moving average is GBX 1,336.25 and its two-hundred day moving average is GBX 1,487.60.

AB Dynamics (LON:ABDP) last released its quarterly earnings data on Tuesday, November 11th. The company reported GBX 81.30 EPS for the quarter. AB Dynamics had a net margin of 13.10% and a return on equity of 10.55%. On average, analysts anticipate that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

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.