AB Dynamics (LON:ABDP) Stock Passes Above 50-Day Moving Average of $1,781.98

AB Dynamics plc (LON:ABDP) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,781.98 ($22.38) and traded as high as GBX 1,816.95 ($22.82). AB Dynamics shares last traded at GBX 1,810 ($22.74), with a volume of 161,238 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of AB Dynamics in a report on Wednesday, April 3rd.

AB Dynamics Stock Down 0.3 %

The stock has a market capitalization of £415.03 million, a P/E ratio of 3,851.06, a PEG ratio of 1.74 and a beta of 0.66. The stock has a 50 day moving average price of GBX 1,781.98 and a 200-day moving average price of GBX 1,705.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.98 and a quick ratio of 2.10.

AB Dynamics Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, May 2nd will be paid a GBX 2.33 ($0.03) dividend. The ex-dividend date is Thursday, May 2nd. This represents a yield of 0.13%. AB Dynamics’s dividend payout ratio (DPR) is currently 1,276.60%.

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.