Avingtrans (LON:AVG) Issues Earnings Results

Avingtrans (LON:AVG) released its quarterly earnings results on Wednesday. The company reported GBX 32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Avingtrans had a net margin of 4.13% and a return on equity of 5.57%.

Avingtrans Price Performance

Shares of AVG stock traded down GBX 15 on Friday, reaching GBX 725. 37,334 shares of the company were exchanged, compared to its average volume of 111,526. Avingtrans has a 1 year low of GBX 470 and a 1 year high of GBX 760. The company has a debt-to-equity ratio of 18.79, a quick ratio of 1.87 and a current ratio of 1.55. The business has a 50-day moving average price of GBX 725.56 and a 200 day moving average price of GBX 656.08. The company has a market cap of £267.75 million, a price-to-earnings ratio of 34.36 and a beta of 0.57.

Insider Transactions at Avingtrans

In related news, insider Stephen McQuillan sold 157,500 shares of Avingtrans stock in a transaction dated 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 Avingtrans stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £994,000. Company insiders own 13.57% of the company’s stock.

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.