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

Shares of AB Dynamics plc (LON:ABDP) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 1,530 ($20.05) and last traded at GBX 1,575 ($20.64), with a volume of 50795 shares trading hands. The stock had previously closed at GBX 1,700 ($22.27).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of AB Dynamics in a research note on Tuesday, March 25th.

AB Dynamics Stock Down 7.4 %

The company has a 50 day moving average price of GBX 1,797.83 and a 200-day moving average price of GBX 1,872.47. The stock has a market capitalization of £362.95 million, a PE ratio of 26.61, a PEG ratio of 1.74 and a beta of 0.72. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10.

AB Dynamics Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, January 16th. This is a positive change from AB Dynamics’s previous dividend of $2.33. This represents a yield of 0.26%. AB Dynamics’s dividend payout ratio is 11.83%.

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.