Avingtrans (LON:AVG) Sets New 52-Week High – Time to Buy?

Avingtrans plc (LON:AVG)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 719.80 and last traded at GBX 706, with a volume of 177812 shares. The stock had previously closed at GBX 700.

Avingtrans Trading Up 1.4%

The company has a market cap of £238.72 million, a price-to-earnings ratio of 33.65 and a beta of 0.55. The firm has a 50-day moving average price of GBX 649.69 and a 200 day moving average price of GBX 598.71. The company has a current ratio of 1.57, a quick ratio of 1.87 and a debt-to-equity ratio of 23.26.

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.