Avingtrans (LON:AVG) Hits New 12-Month High – What’s Next?

Avingtrans plc (LON:AVG) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 660.66 and last traded at GBX 660, with a volume of 86229 shares trading hands. The stock had previously closed at GBX 650.

Avingtrans Stock Up 1.5%

The stock has a market cap of £221.91 million, a P/E ratio of 31.28 and a beta of 0.47. 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 stock’s 50-day moving average is GBX 573.22 and its 200-day moving average is GBX 539.10.

Avingtrans (LON:AVG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported GBX 14.80 earnings per share (EPS) for the quarter. Avingtrans had a net margin of 4.54% and a return on equity of 6.13%. As a group, research analysts anticipate that Avingtrans plc will post 15.0753769 earnings per share for the current fiscal year.

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.