AB Dynamics (LON:ABDP) Stock Crosses Below 200 Day Moving Average - Should You Sell?

AB Dynamics plc (LON:ABDP - Get Free Report)'s share price crossed 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 Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating on shares of AB Dynamics in a research note on Thursday, September 26th.

AB Dynamics Stock Performance

The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 2.18. The company has a 50-day moving average of GBX 1,969.78 and a 200-day moving average of GBX 1,947.04. The company has a market cap of £417.69 million, a PE ratio of 3,084.75, a PEG ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 5.30 ($0.06) per share. This is an increase from AB Dynamics's previous dividend of $2.33. This represents a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, January 16th. AB Dynamics's dividend 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 business's 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 value of £459,230 ($558,741.94). 28.03% of the stock is owned by company 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.