AB Dynamics (LON:ABDP) Shares Pass Below 200 Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP) passed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

AB Dynamics Stock Performance

The company has a debt-to-equity ratio of 2.18, a current ratio of 2.20 and a quick ratio of 2.10. The stock has a 50-day moving average price of GBX 1,969.78 and a 200-day moving average price of GBX 1,947.75. The firm has a market capitalization of £417.69 million, a PE ratio of 3,084.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

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

Insider Activity at AB Dynamics

In other AB Dynamics news, insider James Routh sold 24,170 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.12), for a total transaction of £459,230 ($558,741.94). 28.03% of the stock is currently owned by corporate insiders.

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.