Avingtrans (LON:AVG) Sets New 1-Year High – Time to Buy?

Avingtrans plc (LON:AVG) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 684.45 and last traded at GBX 680, with a volume of 120185 shares trading hands. The stock had previously closed at GBX 670.

Avingtrans Stock Performance

The company has a market cap of £228.63 million, a price-to-earnings ratio of 32.23 and a beta of 0.55. The company has a current ratio of 1.57, a quick ratio of 1.87 and a debt-to-equity ratio of 23.26. The business’s 50 day moving average price is GBX 645.43 and its 200-day moving average price is GBX 591.04.

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.