AB Dynamics (LON:ABDP) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of AB Dynamics plc (LON:ABDP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,907.56 ($24.01) and traded as low as GBX 1,784.90 ($22.47). AB Dynamics shares last traded at GBX 1,785.99 ($22.48), with a volume of 46,635 shares changing hands.

AB Dynamics Stock Performance

The business’s fifty day moving average is GBX 1,874.42 and its two-hundred day moving average is GBX 1,907.56. The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. The stock has a market capitalization of £411.57 million, a PE ratio of 30.18, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72.

AB Dynamics (LON:ABDP) last issued its quarterly earnings results on Tuesday, November 26th. The company reported GBX 71 ($0.89) earnings per share (EPS) for the quarter. AB Dynamics had a return on equity of 10.55% and a net margin of 13.10%. As a group, research analysts anticipate that AB Dynamics plc will post 68.8259109 EPS for the current fiscal year.

AB Dynamics Increases Dividend

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

Insider Buying and Selling

In other news, insider James Routh sold 24,170 shares of AB Dynamics stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.91), for a total transaction of £459,230 ($578,011.33). 28.03% of the stock is owned by corporate insiders.

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.