AB Dynamics (LON:ABDP) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

AB Dynamics plc (LON:ABDP)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,947.75 ($23.70) and traded as low as GBX 1,820 ($22.14). AB Dynamics shares last traded at GBX 1,820 ($22.14), with a volume of 19,887 shares.

Analyst Upgrades and Downgrades

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

AB Dynamics Trading Down 2.4 %

The company has a debt-to-equity ratio of 2.18, a current ratio of 2.20 and a quick ratio of 2.10. The company has a market cap of £417.69 million, a price-to-earnings ratio of 3,084.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The business has a 50 day simple moving average of GBX 1,969.78 and a 200 day simple moving average of GBX 1,947.04.

AB Dynamics Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a GBX 5.30 ($0.06) dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 0.26%. This is a positive change from AB Dynamics’s previous dividend of $2.33. AB Dynamics’s payout ratio is currently 1,186.44%.

Insiders Place Their Bets

In other news, insider James Routh sold 24,170 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.12), for a total transaction of £459,230 ($558,741.94). Insiders own 28.03% of the company’s stock.

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.