AB Dynamics (LON:ABDP) Announces Quarterly Earnings Results

AB Dynamics (LON:ABDP) released its earnings results on Tuesday. The company reported GBX 60.90 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 9,160 million for the quarter. AB Dynamics had a negative return on equity of 9.51% and a negative net margin of 13.10%.

AB Dynamics Price Performance

Shares of ABDP traded up GBX 5 during midday trading on Thursday, reaching GBX 730. The stock had a trading volume of 69,858 shares, compared to its average volume of 123,034. The company has a debt-to-equity ratio of 2.06, a current ratio of 2.12 and a quick ratio of 2.10. The firm’s 50 day moving average price is GBX 815.39 and its 200-day moving average price is GBX 1,002.54. AB Dynamics has a 52 week low of GBX 718 and a 52 week high of GBX 1,350. The company has a market capitalization of £167.10 million, a P/E ratio of -31.20, a P/E/G ratio of 1.74 and a beta of 0.34.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price target on AB Dynamics from GBX 1,700 to GBX 1,350 and set a “buy” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,606.67.

Insiders Place Their Bets

In other AB Dynamics news, insider Sarah Matthews-DeMers acquired 600 shares of AB Dynamics stock in a transaction dated Friday, September 25th. The stock was bought at an average price of GBX 824 per share, for a total transaction of £4,944. Insiders own 27.89% 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.