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

Avingtrans plc (LON:AVG)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as GBX 760 and last traded at GBX 750, with a volume of 27347 shares trading hands. The stock had previously closed at GBX 750.

Avingtrans Price Performance

The company has a current ratio of 1.55, a quick ratio of 1.87 and a debt-to-equity ratio of 18.79. The company has a market cap of £276.98 million, a price-to-earnings ratio of 39.27 and a beta of 0.57. The firm’s fifty day simple moving average is GBX 727.50 and its 200 day simple moving average is GBX 661.47.

Avingtrans (LON:AVG) last announced its quarterly earnings data on Wednesday, September 30th. The company reported GBX 32 EPS for the quarter. Avingtrans had a net margin of 4.13% and a return on equity of 5.57%. Sell-side analysts predict that Avingtrans plc will post 15.0753769 earnings per share for the current year.

Insiders Place Their Bets

In other Avingtrans news, insider Stephen McQuillan sold 157,500 shares of the firm’s stock in a transaction 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 Avingtrans stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £994,000. Insiders own 13.57% of the company’s stock.

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.