Avingtrans (LON:AVG) Sets New 1-Year High – Still a Buy?

Avingtrans plc (LON:AVG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 730 and last traded at GBX 721.08, with a volume of 161948 shares. The stock had previously closed at GBX 720.

Avingtrans Stock Up 0.2%

The firm has a 50 day moving average price of GBX 656.84 and a 200-day moving average price of GBX 608.17. 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 firm has a market cap of £242.44 million, a PE ratio of 34.17 and a beta of 0.55.

Insider Activity at Avingtrans

In other news, insider Stephen McQuillan sold 157,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £994,000. 15.13% of the stock is owned by corporate insiders.

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.