AB Dynamics (LON:ABDP) Issues Quarterly Earnings Results

AB Dynamics (LON:ABDP – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 60.90 earnings per share (EPS) for the quarter, Digital Look Earnings reports. AB Dynamics had a negative net margin of 5.02% and a negative return on equity of 3.98%. The business had revenue of GBX 9,160 million during the quarter.

AB Dynamics Stock Up 2.2%

Shares of AB Dynamics stock opened at GBX 734 on Wednesday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. AB Dynamics has a 52-week low of GBX 718 and a 52-week high of GBX 1,350. The company’s 50 day moving average price is GBX 817.77 and its 200-day moving average price is GBX 1,005.19. The stock has a market capitalization of £168.01 million, a price-to-earnings ratio of -31.37, a P/E/G ratio of 1.74 and a beta of 0.34.

Insider Buying and Selling

In other news, insider Sarah Matthews-DeMers purchased 600 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was bought at an average cost of GBX 824 per share, for a total transaction of £4,944. 27.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered their target price on AB Dynamics from GBX 1,700 to GBX 1,350 and set a “buy” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,606.67.

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AB Dynamics Company Profile

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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.

See Also

Earnings History for AB Dynamics (LON:ABDP)

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