AB Dynamics (LON:ABDP) Stock Crosses Below 200 Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,947.75 ($23.70) and traded as low as GBX 1,820 ($22.14). AB Dynamics shares last traded at GBX 1,820 ($22.14), with a volume of 19,887 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of AB Dynamics in a report on Thursday, September 26th.

AB Dynamics Price Performance

The firm has a market capitalization of £417.69 million, a PE ratio of 3,084.75, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.10 and a current ratio of 2.20. The stock has a fifty day moving average price of GBX 1,969.78 and a 200-day moving average price of GBX 1,947.75.

AB Dynamics Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be given a dividend of GBX 5.30 ($0.06) per share. This represents a dividend yield of 0.26%. This is a positive change from AB Dynamics’s previous dividend of $2.33. The ex-dividend date of this dividend is Thursday, January 16th. AB Dynamics’s dividend payout ratio is presently 1,186.44%.

Insider Transactions at AB Dynamics

In other news, insider James Routh sold 24,170 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.12), for a total value of £459,230 ($558,741.94). Insiders own 28.03% of the company’s stock.

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.