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

AB Dynamics plc (LON:ABDP)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,805.09 ($23.35) and traded as high as GBX 1,835 ($23.74). AB Dynamics shares last traded at GBX 1,826 ($23.62), with a volume of 41,912 shares traded.

AB Dynamics Stock Performance

The company’s 50 day moving average is GBX 1,802.69 and its 200-day moving average is GBX 1,887.71. The company has a market capitalization of £422.86 million, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47.

AB Dynamics Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of GBX 5.30 ($0.07) per share. This represents a yield of 0.26%. This is an increase from AB Dynamics’s previous dividend of $2.33. The ex-dividend date of this dividend was Thursday, January 16th. AB Dynamics’s dividend payout ratio is 11.83%.

AB Dynamics Company Profile

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.