AB Dynamics (LON:ABDP) Share Price Crosses Below 200 Day Moving Average – What’s Next?

AB Dynamics plc (LON:ABDP)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,923.79 ($24.05) and traded as low as GBX 1,745 ($21.82). AB Dynamics shares last traded at GBX 1,770 ($22.13), with a volume of 25,541 shares changing hands.

AB Dynamics Stock Performance

The firm has a fifty day simple moving average of GBX 1,915.82 and a 200 day simple moving average of GBX 1,923.79. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 2.18. The stock has a market cap of £402.77 million, a price-to-earnings ratio of 2,974.58, a PEG ratio of 1.74 and a beta of 0.72.

AB Dynamics (LON:ABDP) last issued its 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 11.28% and a net margin of 13.13%. As a group, sell-side analysts expect that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

AB Dynamics Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a GBX 5.30 ($0.07) dividend. The ex-dividend date was Thursday, January 16th. This is a boost from AB Dynamics’s previous dividend of $2.33. This represents a dividend yield of 0.26%. AB Dynamics’s dividend payout ratio is presently 1,186.44%.

Insider Transactions at AB Dynamics

In related 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 ($23.75), for a total transaction of £459,230 ($574,109.26). 28.03% of the stock is currently owned by 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.