AB Dynamics (LON:ABDP) Stock Price Down 29.5% – Here’s Why

Shares of AB Dynamics plc (LON:ABDP) dropped 29.5% on Tuesday . The stock traded as low as GBX 751 and last traded at GBX 751. 334,630 shares changed hands during trading, an increase of 241% from the average session volume of 98,034 shares. The stock had previously closed at GBX 1,066.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ABDP shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,370 price target on shares of AB Dynamics in a report on Tuesday, April 14th. Berenberg Bank cut their price objective on AB Dynamics from GBX 2,060 to GBX 1,700 and set a “buy” rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,892.50.

AB Dynamics Stock Up 1.7%

The firm has a market capitalization of £167.55 million, a P/E ratio of -31.28, a PEG ratio of 1.74 and a beta of 0.35. The firm’s 50-day moving average is GBX 1,051.35 and its 200 day moving average is GBX 1,128.24. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96.

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.