Avingtrans (LON:AVG) Releases Earnings Results

Avingtrans (LON:AVG) released its quarterly earnings results on Wednesday. The company reported GBX 32 earnings per share for the quarter, Digital Look Earnings reports. Avingtrans had a return on equity of 6.13% and a net margin of 4.54%.

Avingtrans Trading Up 3.4%

Shares of AVG traded up GBX 24.68 during midday trading on Wednesday, hitting GBX 749.68. 258,264 shares of the stock were exchanged, compared to its average volume of 112,664. The stock has a fifty day simple moving average of GBX 723.58 and a 200 day simple moving average of GBX 652.78. Avingtrans has a 52-week low of GBX 470 and a 52-week high of GBX 754.75. The firm has a market cap of £276.86 million, a P/E ratio of 35.53 and a beta of 0.57. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57.

Insider Activity at Avingtrans

In other Avingtrans news, insider Stephen McQuillan sold 157,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was 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 company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £994,000. Insiders own 13.57% of the company’s stock.

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.