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

AB Dynamics plc (LON:ABDP)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,805.09 ($23.35) and traded as high as GBX 1,835 ($23.74). AB Dynamics shares last traded at GBX 1,826 ($23.62), with a volume of 41,912 shares.

AB Dynamics Stock Up 0.3 %

The company’s 50 day moving average price is GBX 1,802.69 and its two-hundred day moving average price is GBX 1,887.71. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47. The stock has a market cap of £422.86 million, a P/E ratio of 31.01, a PEG ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 5.30 ($0.07) per share. This is a boost from AB Dynamics’s previous dividend of $2.33. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 0.26%. AB Dynamics’s dividend payout ratio (DPR) is presently 11.83%.

AB Dynamics Company Profile

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.