Avingtrans (LON:AVG) Releases Quarterly Earnings Results

Avingtrans (LON:AVG) issued its 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 Trading Up 1.6%

Shares of AVG stock opened at GBX 736.40 on Wednesday. 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 has a fifty-two week low of GBX 470 and a fifty-two week high of GBX 750. The firm’s 50 day moving average price is GBX 723.58 and its two-hundred day moving average price is GBX 652.78. The stock has a market cap of £271.96 million, a price-to-earnings ratio of 34.90 and a beta of 0.57.

Insider Buying and Selling at Avingtrans

In other news, insider Stephen McQuillan sold 157,500 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total value of £1,118,250. Also, insider Stephen King sold 140,000 shares of the firm’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 owned by corporate insiders.

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.