AB Dynamics (LON:ABDP) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of AB Dynamics plc (LON:ABDP – Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 818.87 and traded as high as GBX 832. AB Dynamics shares last traded at GBX 817, with a volume of 61,397 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on shares of AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,892.50.

Check Out Our Latest Stock Analysis on ABDP

AB Dynamics Stock Performance

The firm has a fifty day simple moving average of GBX 821.93 and a 200-day simple moving average of GBX 960.77. The company has a market cap of £189.99 million, a PE ratio of -35.47, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85.

Insider Buying and Selling at AB Dynamics

In other news, insider Sarah Matthews-DeMers bought 600 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was purchased at an average cost of GBX 824 per share, with a total value of £4,944. Insiders own 27.89% of the company’s stock.

About AB Dynamics

(Get Free Report)

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.

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