AB Dynamics (LON:ABDP) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

AB Dynamics plc (LON:ABDP) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1,800.39 ($23.18) and traded as high as GBX 1,860 ($23.95). AB Dynamics shares last traded at GBX 1,860 ($23.95), with a volume of 21,638 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of AB Dynamics in a research note on Tuesday.

AB Dynamics Stock Down 0.8 %

The company has a current ratio of 2.06, a quick ratio of 2.10 and a debt-to-equity ratio of 2.47. The company has a market capitalization of £438.99 million, a P/E ratio of 32.19, a PEG ratio of 1.74 and a beta of 0.72. The stock has a 50 day moving average price of GBX 1,801.73 and a 200 day moving average price of GBX 1,878.68.

AB Dynamics Increases Dividend

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

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.