AB Dynamics (LON:ABDP) Shares Break Above 50 Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 825.89 and traded as high as GBX 864. AB Dynamics shares last traded at GBX 831, with a volume of 26,790 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their target price on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, AB Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,892.50.

AB Dynamics Stock Up 0.2%

The business’s 50-day moving average is GBX 824.79 and its 200-day moving average is GBX 951.31. The company has a market capitalization of £184.72 million, a price-to-earnings ratio of -34.49, a P/E/G ratio of 1.74 and a beta of 0.34. The company has a quick ratio of 2.10, a current ratio of 1.96 and a debt-to-equity ratio of 2.85.

Insider Buying and Selling at AB Dynamics

In other AB Dynamics news, insider Sarah Matthews-DeMers purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average price of GBX 804 per share, for a total transaction of £16,080. 27.89% of the stock is currently owned by corporate insiders.

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.