AB Dynamics (LON:ABDP) Stock Passes Below 200 Day Moving Average – Here’s What Happened

AB Dynamics plc (LON:ABDP)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,332.51 and traded as low as GBX 1,200. AB Dynamics shares last traded at GBX 1,240, with a volume of 44,165 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABDP. Berenberg Bank lowered 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 research note on Tuesday, November 11th. Jefferies Financial Group decreased their price target on shares of AB Dynamics from GBX 1,620 to GBX 1,370 and set a “hold” rating for the company in a report on Monday, January 26th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 2,100 price objective on shares of AB Dynamics in a research note on Thursday, January 15th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 2,400 target price on shares of AB Dynamics in a report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,116.

AB Dynamics Price Performance

The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10. The company’s 50-day moving average price is GBX 1,287.02 and its 200-day moving average price is GBX 1,332.51. The company has a market cap of £282.69 million, a P/E ratio of 23.98, a P/E/G ratio of 1.74 and a beta of 0.72.

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.