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

Shares of Avingtrans plc (LON:AVG) hit a new 52-week high on Monday. The company traded as high as GBX 770 and last traded at GBX 770, with a volume of 120,640 shares traded. The stock had previously closed at GBX 757.50.

Avingtrans Trading Up 1.7%

The business has a fifty day simple moving average of GBX 728.80 and a 200-day simple moving average of GBX 664.78. The company has a debt-to-equity ratio of 18.79, a quick ratio of 1.87 and a current ratio of 1.55. The firm has a market cap of £284.37 million, a price-to-earnings ratio of 40.31 and a beta of 0.57.

Avingtrans (LON:AVG) last posted its earnings results on Wednesday, September 30th. The company reported GBX 32 EPS for the quarter. Avingtrans had a return on equity of 5.57% and a net margin of 4.13%. As a group, equities analysts forecast that Avingtrans plc will post 15.08 earnings per share for the current fiscal year.

Insider Activity at Avingtrans

In related news, insider Stephen King sold 140,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total value of £994,000. Also, insider Stephen McQuillan sold 157,500 shares of Avingtrans stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total transaction of £1,118,250. 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.