Avingtrans (LON:AVG) Reaches New 1-Year High – What’s Next?

Avingtrans plc (LON:AVG)’s share price hit a new 52-week high during trading on Wednesday. The stock traded as high as GBX 760 and last traded at GBX 749.68, with a volume of 258264 shares. The stock had previously closed at GBX 725.

Avingtrans Stock Up 3.4%

The company 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 current ratio of 1.57 and a quick ratio of 1.87. The stock has a fifty day moving average price of GBX 723.58 and a two-hundred day moving average price of GBX 652.78.

Avingtrans (LON:AVG) last announced its quarterly earnings results on Wednesday, September 30th. The company reported GBX 32 earnings per share (EPS) for the quarter. Avingtrans had a return on equity of 6.13% and a net margin of 4.54%. On average, research analysts expect that Avingtrans plc will post 15.0753769 EPS for the current year.

Insider Transactions at Avingtrans

In related news, insider Stephen King sold 140,000 shares of the 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. Also, insider Stephen McQuillan sold 157,500 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total transaction of £1,118,250. 13.57% of the stock is currently owned by insiders.

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.