AB Dynamics (LON:ABDP) Issues Quarterly Earnings Results

AB Dynamics (LON:ABDP) issued its quarterly earnings data on Tuesday. The company reported GBX 60.90 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 9,160 million for the quarter. AB Dynamics had a negative return on equity of 3.98% and a negative net margin of 5.02%.

AB Dynamics Stock Down 6.1%

Shares of LON ABDP traded down GBX 48.60 during mid-day trading on Tuesday, hitting GBX 746.40. 139,875 shares of the stock traded hands, compared to its average volume of 122,272. AB Dynamics has a 52 week low of GBX 718 and a 52 week high of GBX 1,350. The company has a debt-to-equity ratio of 2.85, a quick ratio of 2.10 and a current ratio of 1.96. The stock has a fifty day moving average price of GBX 820.47 and a 200-day moving average price of GBX 1,007.90. The company has a market cap of £170.85 million, a price-to-earnings ratio of -31.90, a PEG ratio of 1.74 and a beta of 0.34.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of AB Dynamics from GBX 1,700 to GBX 1,350 and set a “buy” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, AB Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,805.

Insider Buying and Selling at AB Dynamics

In related news, insider Sarah Matthews-DeMers purchased 2,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of GBX 804 per share, with a total value of £16,080. 27.89% of the stock is owned by 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.