Avingtrans (LON:AVG) Hits New 1-Year High – Here’s Why

Avingtrans plc (LON:AVG)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 650 and last traded at GBX 635.60, with a volume of 489440 shares. The stock had previously closed at GBX 635.

Avingtrans Stock Performance

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 has a market capitalization of £213.70 million, a PE ratio of 30.12 and a beta of 0.47. The firm’s 50-day simple moving average is GBX 567.31 and its two-hundred day simple moving average is GBX 534.38.

Avingtrans (LON:AVG) last posted its quarterly earnings data on Wednesday, February 25th. The company reported GBX 14.80 earnings per share for the quarter. Avingtrans had a net margin of 4.54% and a return on equity of 6.13%. On average, equities research analysts expect 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.