Shares of Ab Dynamics PLC (LON:ABDP) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2,578.40 and traded as low as $2,550.00. Ab Dynamics shares last traded at $2,560.00, with a volume of 4,757 shares trading hands.
Separately, Liberum Capital lifted their target price on Ab Dynamics from GBX 2,625 ($34.30) to GBX 2,750 ($35.93) and gave the company a “buy” rating in a research report on Monday, July 1st.
The stock’s 50-day moving average price is GBX 2,575.70. The firm has a market cap of $572.17 million and a PE ratio of 50.99.
Ab Dynamics Company Profile (LON:ABDP)
AB Dynamics Plc, through its subsidiaries, designs and manufactures test equipment for vehicle suspension, steering, noise, and vibration in the United Kingdom, rest of Europe, the United States, and internationally. The company also provides a range of services, which include analysis, design, prototype manufacture, testing, and development.
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