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

AB Dynamics plc (LON:ABDP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,947.75 ($23.70) and traded as low as GBX 1,820 ($22.14). AB Dynamics shares last traded at GBX 1,820 ($22.14), with a volume of 19,887 shares changing hands.

Analyst Ratings Changes

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

AB Dynamics Stock Down 2.4 %

The firm has a fifty day simple moving average of GBX 1,969.78 and a 200-day simple moving average of GBX 1,947.04. The company has a market capitalization of £417.69 million, a P/E ratio of 3,084.75, a P/E/G ratio of 1.74 and a beta of 0.72. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 2.18.

AB Dynamics Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 5.30 ($0.06) per share. This is a boost from AB Dynamics’s previous dividend of $2.33. This represents a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, January 16th. AB Dynamics’s dividend payout ratio is currently 1,186.44%.

Insider Transactions at AB Dynamics

In related news, insider James Routh sold 24,170 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of GBX 1,900 ($23.12), for a total transaction of £459,230 ($558,741.94). 28.03% of the stock is owned by insiders.

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.