AB Dynamics (LON:ABDP) Reaches New 12-Month Low - Here's Why

Key Points

• AB Dynamics shares reached a new 52-week low at GBX 1,385 ($18.30) during trading, reflecting a downturn from the previous day's close of GBX 1,445 ($19.09).
• Analysts from Canaccord Genuity Group and Shore Capital have issued reports reiterating a "buy" rating on AB Dynamics, with a price target set at GBX 2,650 ($35.01).
• Corporate insiders own 28.03% of AB Dynamics, with insider Sarah Matthews-DeMers purchasing 1,000 shares at an average price of GBX 1,544 ($20.40) recently.

AB Dynamics plc (LON:ABDP - Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 1,385 ($18.41) and last traded at GBX 1,405 ($18.67), with a volume of 20921 shares trading hands. The stock had previously closed at GBX 1,445 ($19.21).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Shore Capital restated a "buy" rating on shares of AB Dynamics in a research note on Wednesday, April 23rd. Canaccord Genuity Group restated a "buy" rating and set a GBX 2,650 ($35.22) price objective on shares of AB Dynamics in a research note on Wednesday, April 23rd.

AB Dynamics Stock Down 2.1%

The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.10 and a current ratio of 2.06. The stock has a 50 day moving average price of GBX 1,626.93 and a 200 day moving average price of GBX 1,718.71. The company has a market cap of £315.70 million, a P/E ratio of 23.15, a P/E/G ratio of 1.74 and a beta of 0.72.

Insider Activity at AB Dynamics

In related news, insider Sarah Matthews-DeMers bought 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were acquired at an average cost of GBX 1,544 ($20.52) per share, for a total transaction of £15,440 ($20,521.00). Corporate insiders own 28.03% 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.