AB Dynamics (LON:ABDP) Hits New 12-Month Low – Here’s What Happened

AB Dynamics plc (LON:ABDP)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 1,175 and last traded at GBX 1,190, with a volume of 22303 shares changing hands. The stock had previously closed at GBX 1,240.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ABDP. Shore Capital Group reissued a “buy” rating on shares of AB Dynamics in a research note on Thursday. Jefferies Financial Group reduced their price objective 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, AB Dynamics has an average rating of “Moderate Buy” and a consensus target price of GBX 2,116.

AB Dynamics Trading Down 3.4%

The company has a current ratio of 2.21, a quick ratio of 2.10 and a debt-to-equity ratio of 2.36. The firm has a 50-day moving average price of GBX 1,277.71 and a 200-day moving average price of GBX 1,316.86. The company has a market capitalization of £260.95 million, a price-to-earnings ratio of 22.14, a PEG ratio of 1.74 and a beta of 0.26.

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.