AB Dynamics’ (ABDP) Buy Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of AB Dynamics (LON:ABDP) in a report released on Tuesday, Marketbeat Ratings reports.

AB Dynamics Price Performance

Shares of LON:ABDP opened at GBX 1,907.20 ($24.69) on Tuesday. The company’s fifty day moving average is GBX 1,801.73 and its 200 day moving average is GBX 1,878.68. The company has a quick ratio of 2.10, a current ratio of 2.06 and a debt-to-equity ratio of 2.47. AB Dynamics has a 52 week low of GBX 1,625 ($21.04) and a 52 week high of GBX 2,462 ($31.87). The stock has a market cap of £439.50 million, a PE ratio of 32.23, a PEG ratio of 1.74 and a beta of 0.72.

AB Dynamics Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a GBX 5.30 ($0.07) dividend. This represents a yield of 0.26%. This is an increase from AB Dynamics’s previous dividend of $2.33. The ex-dividend date was Thursday, January 16th. AB Dynamics’s payout ratio is 11.83%.

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.