AB Dynamics (LON:ABDP) Shares Cross Above 50 Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,800.39 ($23.18) and traded as high as GBX 1,860 ($23.95). AB Dynamics shares last traded at GBX 1,860 ($23.95), with a volume of 21,638 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of AB Dynamics in a research note on Tuesday.

AB Dynamics Stock Down 0.8 %

The firm has a market cap of £438.99 million, a price-to-earnings ratio of 32.19, a P/E/G ratio of 1.74 and a beta of 0.72. The firm has a fifty day simple moving average of GBX 1,801.73 and a 200-day simple moving average of GBX 1,878.68. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.10 and a current ratio of 2.06.

AB Dynamics Increases Dividend

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