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

AB Dynamics plc (LON:ABDP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

AB Dynamics Stock Performance

The company has a market cap of £402.77 million, a P/E ratio of 2,974.58, a P/E/G ratio of 1.74 and a beta of 0.72. The firm has a 50 day moving average price of GBX 1,915.82 and a 200-day moving average price of GBX 1,923.79. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.10 and a current ratio of 2.20.

AB Dynamics (LON:ABDP) last released 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 11.28% and a net margin of 13.13%. On average, research analysts predict that AB Dynamics plc will post 68.8259109 EPS for the current year.

AB Dynamics Increases Dividend

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

Insider Transactions at AB Dynamics

In related news, insider James Routh sold 24,170 shares of the stock in a transaction that occurred 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 corporate insiders.

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.