Avingtrans (LON:AVG) Hits New 52-Week High – What’s Next?

Avingtrans plc (LON:AVG) reached a new 52-week high on Wednesday . The company traded as high as GBX 660.66 and last traded at GBX 660, with a volume of 86229 shares. The stock had previously closed at GBX 650.

Avingtrans Trading Down 0.9%

The business’s 50 day simple moving average is GBX 577.30 and its two-hundred day simple moving average is GBX 541.67. The stock has a market cap of £219.89 million, a P/E ratio of 31.00 and a beta of 0.47. The company has a quick ratio of 1.87, a current ratio of 1.57 and a debt-to-equity ratio of 23.26.

Avingtrans (LON:AVG) last issued its quarterly earnings data on Wednesday, February 25th. The company reported GBX 14.80 earnings per share for the quarter. Avingtrans had a net margin of 4.54% and a return on equity of 6.13%. As a group, analysts expect that Avingtrans plc will post 15.0753769 EPS for the current year.

Avingtrans Company Profile

Avingtrans plc has a proven strategy of “buy and build” in highly regulated engineering markets, a strategy it has named “Pinpoint-Invest-Exit”. Significant shareholder value is delivered through a clear strategy, a strong balance sheet and an agile and experienced management team.

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

The Group has ten business units organised into three operating divisions: the Energy Divisions comprising Engineered Pumps & Motors (EPM) and Process Solutions & Rotating Equipment (PSRE) and the Medical Division.