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AB Dynamics (LON:ABDP) Stock Price Crosses Below 200-Day Moving Average - What's Next?

AB Dynamics logo with Consumer Cyclical background

AB Dynamics plc (LON:ABDP - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,852.07 ($24.51) and traded as low as GBX 1,540 ($20.38). AB Dynamics shares last traded at GBX 1,565 ($20.71), with a volume of 24,737 shares.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on ABDP

AB Dynamics Stock Performance

The company has a market capitalization of £372.45 million, a price-to-earnings ratio of 27.31, a PEG ratio of 1.74 and a beta of 0.72. The stock has a fifty day moving average price of GBX 1,754.74 and a two-hundred day moving average price of GBX 1,845.78. The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47.

AB Dynamics Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 5.30 ($0.07) per share. The ex-dividend date of this dividend 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 currently 11.83%.

AB Dynamics Company Profile

(Get Free Report)

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.

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