AB Dynamics (LON:ABDP) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

AB Dynamics plc (LON:ABDP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,946.37 ($26.03) and traded as low as GBX 1,820 ($24.34). AB Dynamics shares last traded at GBX 1,850 ($24.75), with a volume of 28,534 shares traded.

Analyst Ratings Changes

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

AB Dynamics Stock Performance

The stock’s fifty day moving average price is GBX 1,936.84 and its two-hundred day moving average price is GBX 1,946.71. The company has a market cap of £429.17 million, a P/E ratio of 3,169.49, a P/E/G ratio of 1.74 and a beta of 0.72. 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 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.