AB Dynamics (LON:ABDP) Reaches New 1-Year Low – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP) hit a new 52-week low during trading on Thursday . The company 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 analysts have recently weighed in on ABDP shares. Shore Capital Group reiterated a “buy” rating on shares of AB Dynamics in a research note on Thursday. Jefferies Financial Group cut their price target on 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AB Dynamics currently 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 2.36, a quick ratio of 2.10 and a current ratio of 2.21. The company has a market cap of £272.39 million, a P/E ratio of 23.11, a P/E/G ratio of 1.74 and a beta of 0.26. The firm’s fifty day moving average is GBX 1,283.01 and its two-hundred day moving average is GBX 1,319.49.

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.