AB Dynamics (LON:ABDP) Hits New 52-Week Low – Here’s What Happened

AB Dynamics plc (LON:ABDP) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 1,103 ($14.60) and last traded at GBX 1,590 ($21.05), with a volume of 30260 shares traded. The stock had previously closed at GBX 1,600 ($21.18).

Analysts Set New Price Targets

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

AB Dynamics Stock Up 0.9 %

The company has a market cap of £375.62 million, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. 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 firm’s fifty day moving average price is GBX 1,754.74 and its 200-day moving average price is GBX 1,845.78.

AB Dynamics Increases Dividend

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