Avingtrans (LON:AVG) Posts Earnings Results

Avingtrans (LON:AVG) posted its earnings results on Wednesday. The company reported GBX 14.80 earnings per share for the quarter, Digital Look Earnings reports. Avingtrans had a net margin of 2.68% and a return on equity of 3.32%.

Avingtrans Stock Performance

AVG traded up GBX 9.75 on Wednesday, reaching GBX 574.75. The stock had a trading volume of 124,271 shares, compared to its average volume of 92,152. The business’s 50-day moving average price is GBX 539.76 and its two-hundred day moving average price is GBX 499.92. The company has a market cap of £191.21 million, a P/E ratio of 30.90 and a beta of 0.52. Avingtrans has a 12-month low of GBX 300 and a 12-month high of GBX 615. The company has a current ratio of 1.82, a quick ratio of 1.87 and a debt-to-equity ratio of 21.69.

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.