AB Dynamics (LON:ABDP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of AB Dynamics plc (LON:ABDP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,217.32 and traded as low as GBX 1,002. AB Dynamics shares last traded at GBX 1,028, with a volume of 45,226 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Shore Capital Group reiterated a “buy” rating on shares of AB Dynamics in a research note on Thursday, March 12th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,370 target price on shares of AB Dynamics in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,982.50.

AB Dynamics Trading Up 1.1%

The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85. The firm has a market cap of £237.78 million, a price-to-earnings ratio of -44.39, a price-to-earnings-growth ratio of 1.74 and a beta of 0.40. The business has a 50 day moving average price of GBX 1,093.47 and a 200-day moving average price of GBX 1,217.32.

AB Dynamics (LON:ABDP) last posted its earnings results on Tuesday, April 14th. The company reported GBX (53) earnings per share (EPS) for the quarter. The company had revenue of GBX 4,880 million during the quarter. AB Dynamics had a negative net margin of 5.02% and a negative return on equity of 3.98%. As a group, research analysts expect that AB Dynamics plc will post 68.8259109 EPS for the current fiscal year.

Insider Buying and Selling

In other AB Dynamics news, insider Sarah Matthews-DeMers purchased 2,000 shares of AB Dynamics stock in a transaction that occurred on Tuesday, April 14th. The stock was purchased at an average price of GBX 1,151 per share, with a total value of £23,020. Corporate insiders own 27.86% of the company’s stock.

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.