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

Avingtrans plc (LON:AVG) reached a new 52-week high on Monday. The company traded as high as GBX 770 and last traded at GBX 770, with a volume of 120,640 shares. The stock had previously closed at GBX 757.50.

Avingtrans Price Performance

The company has a debt-to-equity ratio of 18.79, a current ratio of 1.55 and a quick ratio of 1.87. The company has a 50-day moving average price of GBX 730.64 and a 200-day moving average price of GBX 668.07. The firm has a market capitalization of £282.61 million, a PE ratio of 40.07 and a beta of 0.57.

Avingtrans (LON:AVG) last posted its quarterly earnings data on Wednesday, September 30th. The company reported GBX 32 EPS for the quarter. Avingtrans had a return on equity of 5.57% and a net margin of 4.13%. Sell-side analysts forecast that Avingtrans plc will post 15.08 EPS for the current year.

Insider Transactions at Avingtrans

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