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

Avingtrans plc (LON:AVG) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 730 and last traded at GBX 728, with a volume of 83437 shares trading hands. The stock had previously closed at GBX 728.

Avingtrans Stock Performance

The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57. The stock’s fifty day moving average price is GBX 667.59 and its 200-day moving average price is GBX 619.34. The company has a market capitalization of £268.86 million, a P/E ratio of 34.50 and a beta of 0.56.

Insider Buying and Selling

In other news, insider Stephen King sold 140,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 value of £1,118,250. 13.57% of the stock is owned by insiders.

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.