Ab Dynamics (ABDP) Issues Earnings Results

Ab Dynamics (LON:ABDP) posted its quarterly earnings results on Wednesday, April 24th. The company reported GBX 28.36 ($0.37) EPS for the quarter, Digital Look Earnings reports.

Shares of Ab Dynamics stock traded up GBX 90 ($1.18) during trading hours on Friday, reaching GBX 2,520 ($32.93). The stock had a trading volume of 28,215 shares, compared to its average volume of 31,776. The company has a market cap of $495.92 million and a P/E ratio of 49.90. Ab Dynamics has a twelve month low of GBX 451.55 ($5.90) and a twelve month high of GBX 2,550 ($33.32).

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, May 2nd will be given a GBX 1.61 ($0.02) dividend. The ex-dividend date is Thursday, May 2nd. This represents a dividend yield of 0.08%. Ab Dynamics’s dividend payout ratio (DPR) is currently 0.08%.

Separately, Liberum Capital initiated coverage on shares of Ab Dynamics in a research report on Wednesday, May 1st. They issued a “buy” rating and a GBX 2,645 ($34.56) price objective for the company.

In related news, insider Robert (Rob) Andrew Leonard Hart sold 25,696 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 1,777 ($23.22), for a total transaction of £456,617.92 ($596,652.19). Also, insider Stephen Neads sold 728 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of GBX 1,658 ($21.66), for a total transaction of £12,070.24 ($15,771.91).

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About Ab Dynamics

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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