AB Dynamics (LON:ABDP) Hits New 12-Month Low – Here’s What Happened

AB Dynamics plc (LON:ABDP)’s stock price hit a new 52-week low on Wednesday . The company traded as low as GBX 991 and last traded at GBX 1,026.04, with a volume of 277860 shares traded. The stock had previously closed at GBX 1,040.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Shore Capital Group reiterated a “buy” rating on shares of AB Dynamics in a research report on Thursday, March 12th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,370 target price on shares of AB Dynamics in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,982.50.

AB Dynamics Stock Performance

The firm has a market cap of £224.32 million, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.74 and a beta of 0.40. The company has a 50 day simple moving average of GBX 1,138.71 and a 200-day simple moving average of GBX 1,238.88. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.96 and a quick ratio of 2.10.

AB Dynamics (LON:ABDP) last posted its quarterly earnings results on Tuesday, April 14th. The company reported GBX (53) EPS for the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%.The business had revenue of GBX 4,880 million for the quarter. As a group, equities research analysts anticipate that AB Dynamics plc will post 68.8259109 EPS for the current year.

Insider Transactions at AB Dynamics

In related news, insider Sarah Matthews-DeMers acquired 2,000 shares of AB Dynamics stock in a transaction on Tuesday, April 14th. The shares were acquired at an average cost of GBX 1,151 per share, with a total value of £23,020. Insiders own 27.86% of the company’s stock.

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.