Avingtrans (LON:AVG) Sets New 12-Month High – Should You Buy?

Avingtrans plc (LON:AVG) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 730 and last traded at GBX 722, with a volume of 67116 shares trading hands. The stock had previously closed at GBX 728.70.

Avingtrans Trading Down 0.9%

The firm has a market cap of £266.64 million, a P/E ratio of 34.22 and a beta of 0.56. The business’s 50-day moving average is GBX 676.25 and its two-hundred day moving average is GBX 624.23. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.57 and a quick ratio of 1.87.

Insiders Place Their Bets

In other Avingtrans news, insider Stephen McQuillan sold 157,500 shares of Avingtrans stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £1,118,250. Also, insider Stephen King sold 140,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total transaction of £994,000. Corporate insiders own 13.57% of the company’s stock.

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.