Avingtrans (LON:AVG) Hits New 52-Week High – Here’s What Happened

Avingtrans plc (LON:AVG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 515 and last traded at GBX 512.45, with a volume of 106337 shares traded. The stock had previously closed at GBX 475.

Avingtrans Trading Up 7.9%

The firm has a market cap of £169.77 million, a P/E ratio of 27.55 and a beta of 0.52. The business’s 50 day moving average is GBX 480.40 and its 200-day moving average is GBX 434.28. The company has a quick ratio of 1.87, a current ratio of 1.82 and a debt-to-equity ratio of 21.69.

Avingtrans (LON:AVG) last announced its quarterly earnings data on Wednesday, September 24th. The company reported GBX 23.70 earnings per share for the quarter. Avingtrans had a net margin of 2.68% and a return on equity of 3.32%. As a group, analysts forecast that Avingtrans plc will post 15.0753769 earnings per share for the current fiscal year.

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.