AB Dynamics (LON:ABDP) Shares Pass Above 50-Day Moving Average - Here's Why

Key Points

• AB Dynamics plc (LON:ABDP) shares surpassed their 50-day moving average of GBX 1,406.40 during recent trading, reaching a high of GBX 1,425.
• Shore Capital has maintained a "buy" rating for the stock, setting a price target of GBX 2,100, while average consensus suggests a target of GBX 2,375.
• The company has a strong financial position, indicated by a quick ratio of 2.10 and a current ratio of 2.06, alongside a market capitalization of £316.85 million.

Shares of AB Dynamics plc (LON:ABDP - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,406.40 ($18.88) and traded as high as GBX 1,425 ($19.13). AB Dynamics shares last traded at GBX 1,385 ($18.60), with a volume of 37,269 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating and issued a GBX 2,100 price objective on shares of AB Dynamics in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 2,375.

AB Dynamics Stock Up 1.5%

The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. The company has a market capitalization of £316.85 million, a P/E ratio of 3,037.28, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The company has a 50-day moving average of GBX 1,406.40 and a two-hundred day moving average of GBX 1,572.20.

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.

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