Avingtrans (LON:AVG) Hits New 52-Week High – Here’s What Happened

Avingtrans plc (LON:AVG) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 640 and last traded at GBX 637, with a volume of 999849 shares trading hands. The stock had previously closed at GBX 610.

Avingtrans Stock Up 4.4%

The company has a debt-to-equity ratio of 23.26, a current ratio of 1.57 and a quick ratio of 1.87. The stock has a market capitalization of £211.92 million, a PE ratio of 30.19 and a beta of 0.42. The company has a 50 day moving average price of GBX 564.66 and a 200-day moving average price of GBX 532.16.

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

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.