Avingtrans (LON:AVG) Announces Earnings Results

Avingtrans (LON:AVG) posted its quarterly earnings data on Wednesday. The company reported GBX 14.80 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Avingtrans had a return on equity of 3.32% and a net margin of 2.68%.

Avingtrans Price Performance

Shares of LON AVG traded up GBX 9.75 during midday trading on Wednesday, hitting GBX 574.75. The stock had a trading volume of 124,271 shares, compared to its average volume of 92,152. The company has a quick ratio of 1.87, a current ratio of 1.82 and a debt-to-equity ratio of 21.69. The stock has a 50 day simple moving average of GBX 539.76 and a 200-day simple moving average of GBX 499.92. The company has a market capitalization of £191.21 million, a PE ratio of 30.90 and a beta of 0.52. Avingtrans has a 1 year low of GBX 300 and a 1 year high of GBX 615.

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.