AB Dynamics (LON:ABDP) Share Price Passes Below 200 Day Moving Average – Should You Sell?

AB Dynamics plc (LON:ABDP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,893.29 ($24.40) and traded as low as GBX 1,740 ($22.43). AB Dynamics shares last traded at GBX 1,780 ($22.94), with a volume of 29,491 shares trading hands.

AB Dynamics Trading Down 0.3 %

The business’s 50 day moving average is GBX 1,820.84 and its two-hundred day moving average is GBX 1,893.29. The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of £409.03 million, a P/E ratio of 29.99, a PEG ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

The firm also recently declared 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 a boost from AB Dynamics’s previous dividend of $2.33. This represents a yield of 0.26%. AB Dynamics’s payout ratio is 11.83%.

Insiders Place Their Bets

In other AB Dynamics news, insider James Routh sold 24,170 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of GBX 1,900 ($24.49), for a total value of £459,230 ($591,943.80). 28.03% of the stock is owned by company insiders.

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.