Avingtrans (LON:AVG) Reaches New 52-Week High – Here’s Why

Avingtrans plc (LON:AVG)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 760 and last traded at GBX 749.68, with a volume of 258264 shares. The stock had previously closed at GBX 725.

Avingtrans Stock Up 3.4%

The stock has a market cap of £276.86 million, a price-to-earnings ratio of 35.53 and a beta of 0.57. The stock has a 50 day simple moving average of GBX 723.58 and a 200 day simple moving average of GBX 652.78. 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 (LON:AVG) last issued its earnings results on Wednesday, September 30th. The company reported GBX 32 earnings per share (EPS) for the quarter. Avingtrans had a return on equity of 6.13% and a net margin of 4.54%. As a group, analysts expect that Avingtrans plc will post 15.0753769 earnings per share for the current fiscal year.

Insider Buying and Selling at Avingtrans

In other news, insider Stephen McQuillan sold 157,500 shares of Avingtrans stock in a transaction dated 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 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 £994,000. Corporate insiders own 13.57% of the company’s stock.

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.