AB Dynamics (LON:ABDP) Stock Passes Above 50-Day Moving Average – Here’s Why

AB Dynamics plc (LON:ABDP)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,800.39 ($23.26) and traded as high as GBX 1,860 ($24.03). AB Dynamics shares last traded at GBX 1,860 ($24.03), with a volume of 21,638 shares traded.

AB Dynamics Price Performance

The company has a debt-to-equity ratio of 2.47, a current ratio of 2.06 and a quick ratio of 2.10. The firm has a market cap of £428.62 million, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.72. The stock’s fifty day moving average price is GBX 1,800.39 and its 200-day moving average price is GBX 1,879.68.

AB Dynamics Increases Dividend

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