Avingtrans (LON:AVG) Sets New 1-Year High – Here’s What Happened

Avingtrans plc (LON:AVG)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 680 and last traded at GBX 672.45, with a volume of 162806 shares traded. The stock had previously closed at GBX 630.

Avingtrans Trading Up 6.7%

The business has a fifty day moving average of GBX 639.75 and a 200-day moving average of GBX 583.26. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57. The company has a market capitalization of £226.09 million, a P/E ratio of 31.87 and a beta of 0.55.

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.