AB Dynamics (LON:ABDP) Trading Down 29.5% – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP) traded down 29.5% during trading on Tuesday . The company traded as low as GBX 751 and last traded at GBX 751. 334,630 shares were traded during trading, an increase of 241% from the average daily volume of 98,034 shares. The stock had previously closed at GBX 1,066.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,370 price target on shares of AB Dynamics in a research note on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,982.50.

AB Dynamics Stock Performance

The company has a debt-to-equity ratio of 2.85, a current ratio of 1.96 and a quick ratio of 2.10. The business has a 50-day simple moving average of GBX 1,064.29 and a 200 day simple moving average of GBX 1,136.51. The firm has a market cap of £171.90 million, a PE ratio of -32.09, a PEG ratio of 1.74 and a beta of 0.35.

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.