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

AB Dynamics plc (LON:ABDP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,874.76 ($24.24) and traded as low as GBX 1,710 ($22.11). AB Dynamics shares last traded at GBX 1,720 ($22.24), with a volume of 33,119 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of AB Dynamics in a research note on Tuesday, March 25th.

AB Dynamics Trading Down 3.4 %

The company has a 50-day simple moving average of GBX 1,801.63 and a 200-day simple moving average of GBX 1,874.76. 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 market cap of £396.36 million, a P/E ratio of 29.06, a P/E/G ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of GBX 5.30 ($0.07) per share. This is an increase from AB Dynamics’s previous dividend of $2.33. The ex-dividend date was Thursday, January 16th. This represents a yield of 0.26%. AB Dynamics’s dividend payout ratio is 11.83%.

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.