Avingtrans (LON:AVG) Hits New 52-Week Low – Time to Sell?

Shares of Avingtrans plc (LON:AVG) reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 330 ($4.26) and last traded at GBX 330 ($4.26), with a volume of 12704 shares trading hands. The stock had previously closed at GBX 340 ($4.39).

Avingtrans Trading Down 2.9 %

The company has a current ratio of 1.82, a quick ratio of 1.87 and a debt-to-equity ratio of 21.69. The business has a 50 day moving average of GBX 362.50 and a 200-day moving average of GBX 385.99. The stock has a market cap of £105.20 million, a PE ratio of 29.29 and a beta of 0.52.

Avingtrans (LON:AVG) last issued its earnings results on Wednesday, February 26th. The company reported GBX 12.20 ($0.16) earnings per share (EPS) for the quarter. Avingtrans had a net margin of 2.68% and a return on equity of 3.32%. On average, analysts anticipate that Avingtrans plc will post 15.0753769 EPS for the current year.

Avingtrans Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be issued a GBX 1.90 ($0.02) dividend. The ex-dividend date is Thursday, May 29th. This represents a yield of 0.56%. Avingtrans’s dividend payout ratio is currently 44.38%.

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.