AB Dynamics (LON:ABDP) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,946.37 ($26.03) and traded as low as GBX 1,820 ($24.34). AB Dynamics shares last traded at GBX 1,850 ($24.75), with a volume of 28,534 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 Up 2.1 %

The company has a market cap of £433.60 million, a P/E ratio of 3,135.59, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a 50 day moving average of GBX 1,941.24 and a 200-day moving average of GBX 1,946.37. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.20 and a quick ratio of 2.10.

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.