Avingtrans (LON:AVG – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported GBX 32 EPS for the quarter, Digital Look Earnings reports. Avingtrans had a net margin of 4.54% and a return on equity of 6.13%.
Avingtrans Stock Up 4.1%
LON AVG traded up GBX 29.75 during trading on Wednesday, reaching GBX 754.75. 106,237 shares of the company’s stock were exchanged, compared to its average volume of 111,855. The company has a 50 day moving average price of GBX 723.58 and a two-hundred day moving average price of GBX 652.78. The stock has a market cap of £278.74 million, a P/E ratio of 35.77 and a beta of 0.57. Avingtrans has a 1 year low of GBX 470 and a 1 year high of GBX 754.75. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57.
Insider Activity
In other Avingtrans news, insider Stephen McQuillan sold 157,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £1,118,250. Also, insider Stephen King sold 140,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £994,000. 13.57% of the stock is currently owned by company insiders.
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.
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