Avingtrans (LON:AVG) Reaches New 12-Month High – Still a Buy?

Avingtrans plc (LON:AVG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 569.90 and last traded at GBX 565, with a volume of 58223 shares traded. The stock had previously closed at GBX 559.75.

Avingtrans Stock Up 0.9%

The stock’s 50-day moving average price is GBX 498.42 and its two-hundred day moving average price is GBX 475.47. The company has a current ratio of 1.82, a quick ratio of 1.87 and a debt-to-equity ratio of 21.69. The stock has a market capitalization of £187.18 million, a P/E ratio of 30.38 and a beta of 0.52.

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.