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

Posted by Ethan Ryder on Jan 1st, 2025

Shares of AB Dynamics plc (LON:ABDP – Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,945.08 ($24.34) and traded as high as GBX 1,980 ($24.78). AB Dynamics shares last traded at GBX 1,950 ($24.40), with a volume of 4,578 shares.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on AB Dynamics

AB Dynamics Stock Down 1.5 %

The firm has a 50 day moving average of GBX 1,945.08 and a two-hundred day moving average of GBX 1,966.51. The stock has a market capitalization of £447.53 million, a PE ratio of 3,305.08, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 2.18.

AB Dynamics Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of GBX 5.30 ($0.07) per share. This represents a dividend yield of 0.26%. The ex-dividend date is Thursday, January 16th. This is an increase from AB Dynamics’s previous dividend of $2.33. AB Dynamics’s payout ratio is 1,186.44%.

Insider Activity at AB Dynamics

In other AB Dynamics news, insider James Routh sold 24,170 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.78), for a total transaction of £459,230 ($574,684.02). 28.03% of the stock is owned by corporate insiders.

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.