AB Dynamics (LON:ABDP) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• AB Dynamics shares have crossed below their fifty-day moving average, indicating potential selling pressure, with recent trading as low as GBX 1,400 ($18.70).
• Brokerages like Canaccord Genuity and Shore Capital have restated their "buy" ratings for AB Dynamics, with the former setting a target price of GBX 2,650 ($35.40).
• Insider Sarah Matthews-DeMers purchased 1,000 shares of AB Dynamics at an average cost of GBX 1,544 ($20.63), reflecting confidence from company insiders, who own 28.03% of the stock.

Shares of AB Dynamics plc (LON:ABDP - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,665.63 ($22.00) and traded as low as GBX 1,400 ($18.49). AB Dynamics shares last traded at GBX 1,431.31 ($18.91), with a volume of 45,771 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group restated a "buy" rating and issued a GBX 2,650 ($35.01) target price on shares of AB Dynamics in a report on Wednesday, April 23rd. Shore Capital restated a "buy" rating on shares of AB Dynamics in a report on Wednesday, April 23rd.

AB Dynamics Price Performance

The company has a market capitalization of £323.77 million, a P/E ratio of 23.74, a P/E/G ratio of 1.74 and a beta of 0.72. The firm's fifty day moving average is GBX 1,641.63 and its 200 day moving average is GBX 1,726.62. The company has a debt-to-equity ratio of 2.47, a quick ratio of 2.10 and a current ratio of 2.06.

Insider Buying and Selling

In related news, insider Sarah Matthews-DeMers bought 1,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were acquired at an average cost of GBX 1,544 ($20.40) per share, for a total transaction of £15,440 ($20,396.30). 28.03% of the stock is 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.