AB Dynamics (LON:ABDP) Share Price Passes Below 50 Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,923.44 ($24.97) and traded as low as GBX 1,810 ($23.50). AB Dynamics shares last traded at GBX 1,810 ($23.50), with a volume of 27,473 shares trading hands.

Wall Street Analyst Weigh In

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

AB Dynamics Trading Down 0.5 %

The business has a 50 day moving average of GBX 1,923.44 and a two-hundred day moving average of GBX 1,956.30. The firm has a market capitalization of £413.24 million, a price-to-earnings ratio of 3,067.80, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.10 and a current ratio of 2.20.

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.