Avingtrans (LON:AVG) Posts Earnings Results

Avingtrans (LON:AVG) issued its quarterly earnings results on Wednesday. The company reported GBX 32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Avingtrans had a return on equity of 6.13% and a net margin of 4.54%.

Avingtrans Stock Up 2.1%

AVG stock traded up GBX 15 on Wednesday, hitting GBX 740. 91,886 shares of the company’s stock were exchanged, compared to its average volume of 111,779. The firm has a 50 day moving average price of GBX 723.58 and a two-hundred day moving average price of GBX 652.78. Avingtrans has a 12-month low of GBX 470 and a 12-month high of GBX 750. The stock has a market cap of £273.29 million, a P/E ratio of 35.07 and a beta of 0.57. 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 Transactions at Avingtrans

In other news, insider Stephen McQuillan sold 157,500 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was 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 stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total transaction of £994,000. Company insiders own 13.57% of the company’s stock.

About Avingtrans

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.