Avingtrans (LON:AVG) Reaches New 1-Year High – Time to Buy?

Avingtrans plc (LON:AVG) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 719.80 and last traded at GBX 706, with a volume of 177812 shares traded. The stock had previously closed at GBX 700.

Avingtrans Price Performance

The firm has a market cap of £237.37 million, a PE ratio of 33.46 and a beta of 0.55. The stock has a 50 day simple moving average of GBX 647.85 and a two-hundred day simple moving average of GBX 596.37. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57.

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.