AB Dynamics plc (LON:ABDP – Get Free Report)’s share price hit a new 52-week low on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 1,700 to GBX 1,350. Berenberg Bank currently has a buy rating on the stock. AB Dynamics traded as low as GBX 718 and last traded at GBX 718, with a volume of 265,955 shares. The stock had previously closed at GBX 795.
Insider Transactions at AB Dynamics
In related news, insider Sarah Matthews-DeMers bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of GBX 804 per share, with a total value of £16,080. 27.89% of the stock is currently owned by corporate insiders.
AB Dynamics Stock Down 9.7%
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 company has a market capitalization of £164.35 million, a P/E ratio of -30.68, a P/E/G ratio of 1.74 and a beta of 0.34. The stock has a 50-day moving average price of GBX 820.47 and a 200-day moving average price of GBX 1,007.90.
AB Dynamics (LON:ABDP – Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The company reported GBX 60.90 EPS for the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%. The company had revenue of GBX 9,160 million for the quarter. On average, research analysts predict that AB Dynamics plc will post 68.83 EPS for the current fiscal year.
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.
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