AB Dynamics (LON:ABDP) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 1,866.70 ($23.52) and traded as high as GBX 2,030 ($25.58). AB Dynamics shares last traded at GBX 1,965 ($24.76), with a volume of 61,994 shares traded.

Wall Street Analysts Forecast Growth

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

AB Dynamics Trading 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 market capitalization of £450.97 million, a price-to-earnings ratio of 3,330.51, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The business’s 50 day simple moving average is GBX 1,866.70 and its 200 day simple moving average is GBX 1,964.27.

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.