AB Dynamics (LON:ABDP) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,947.75 ($23.70) and traded as low as GBX 1,820 ($22.14). AB Dynamics shares last traded at GBX 1,820 ($22.14), with a volume of 19,887 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of AB Dynamics in a report on Thursday, September 26th.

AB Dynamics Price Performance

The stock has a market cap of £417.69 million, a price-to-earnings ratio of 3,084.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The stock’s 50 day moving average price is GBX 1,969.78 and its two-hundred day moving average price is GBX 1,947.75. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 2.18.

AB Dynamics Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of GBX 5.30 ($0.06) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 0.26%. This is a positive change from AB Dynamics’s previous dividend of $2.33. AB Dynamics’s dividend payout ratio (DPR) is presently 1,186.44%.

Insider Activity

In other news, insider James Routh sold 24,170 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 1,900 ($23.12), for a total transaction of £459,230 ($558,741.94). Insiders own 28.03% of the company’s stock.

About AB Dynamics

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.