Avingtrans (LON:AVG) Hits New 1-Year High – Time to Buy?

Avingtrans plc (LON:AVG) shares reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 760 and last traded at GBX 750, with a volume of 27347 shares traded. The stock had previously closed at GBX 750.

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 firm has a market capitalization of £276.98 million, a price-to-earnings ratio of 35.55 and a beta of 0.57. The stock has a 50 day moving average price of GBX 726.29 and a two-hundred day moving average price of GBX 658.51.

Avingtrans (LON:AVG) last posted its earnings results on Wednesday, September 30th. The company reported GBX 32 earnings per share (EPS) for the quarter. Avingtrans had a return on equity of 5.57% and a net margin of 4.13%. As a group, analysts expect that Avingtrans plc will post 15.0753769 EPS for the current year.

Insider Activity

In other news, insider Stephen McQuillan sold 157,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 Avingtrans stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £994,000. 13.57% of the stock is currently owned by corporate insiders.

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.