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

AB Dynamics plc (LON:ABDP) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,945.08 ($24.08) and traded as high as GBX 1,980 ($24.51). AB Dynamics shares last traded at GBX 1,950 ($24.14), with a volume of 4,578 shares traded.

Analysts Set New Price Targets

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

AB Dynamics Stock Down 0.5 %

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 company has a 50-day moving average price of GBX 1,948.98 and a 200 day moving average price of GBX 1,965.69. The firm has a market capitalization of £445.23 million, a PE ratio of 3,288.14, a P/E/G 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. Investors of record on Thursday, January 16th will be paid a dividend of GBX 5.30 ($0.07) per share. This represents a yield of 0.26%. This is a boost 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 (DPR) is presently 1,186.44%.

Insiders Place Their Bets

In other news, insider James Routh sold 24,170 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.52), for a total transaction of £459,230 ($568,424.31). Corporate insiders own 28.03% of the company’s stock.

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.