Avingtrans (LON:AVG) Sets New 52-Week High – Should You Buy?

Avingtrans plc (LON:AVG) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 780 and last traded at GBX 768.55, with a volume of 257,223 shares traded. The stock had previously closed at GBX 768.28.

Avingtrans Trading Up 0.0%

The business has a 50 day moving average of GBX 733.22 and a two-hundred day moving average of GBX 672.62. The company has a current ratio of 1.55, a quick ratio of 1.87 and a debt-to-equity ratio of 18.79. The firm has a market cap of £283.83 million, a P/E ratio of 40.24 and a beta of 0.58.

Avingtrans (LON:AVG) last announced its quarterly earnings results on Wednesday, September 30th. The company reported GBX 32 EPS for the quarter. Avingtrans had a net margin of 4.13% and a return on equity of 5.57%. Analysts predict that Avingtrans plc will post 15.08 earnings per share for the current year.

Insider Transactions at Avingtrans

In other Avingtrans news, insider Stephen McQuillan sold 157,500 shares of Avingtrans stock in a transaction dated 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 the business’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 £994,000. 13.57% of the stock is currently owned by company 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.