AB Dynamics (LON:ABDP) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of AB Dynamics plc (LON:ABDP) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,866.70 ($23.52) and traded as high as GBX 2,030 ($25.58). AB Dynamics shares last traded at GBX 1,965 ($24.76), with a volume of 61,994 shares traded.

Analyst Ratings Changes

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

AB Dynamics Price Performance

The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.10 and a current ratio of 2.20. The stock has a market cap of £450.97 million, a PE ratio of 3,330.51, a PEG ratio of 1.74 and a beta of 0.72. The stock’s 50-day moving average is GBX 1,866.70 and its two-hundred day moving average is GBX 1,964.27.

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.