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

AB Dynamics plc (LON:ABDP)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,907.56 ($24.01) and traded as low as GBX 1,784.90 ($22.47). AB Dynamics shares last traded at GBX 1,785.99 ($22.48), with a volume of 46,635 shares.

AB Dynamics Price Performance

The firm’s fifty day moving average price is GBX 1,874.42 and its 200-day moving average price is GBX 1,907.56. The stock has a market cap of £411.57 million, a P/E ratio of 30.18, a PEG ratio of 1.74 and a beta of 0.72. The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47.

AB Dynamics (LON:ABDP) last released 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 net margin of 13.10% and a return on equity of 10.55%. Analysts forecast that AB Dynamics plc will post 68.8259109 earnings per share for the current year.

AB Dynamics Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a GBX 5.30 ($0.07) dividend. This represents a yield of 0.26%. This is a positive change from AB Dynamics’s previous dividend of $2.33. The ex-dividend date of this dividend was Thursday, January 16th. AB Dynamics’s dividend payout ratio is currently 11.83%.

Insider Buying and Selling

In other AB Dynamics news, insider James Routh sold 24,170 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 1,900 ($23.91), for a total transaction of £459,230 ($578,011.33). 28.03% of the stock is currently owned by 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.