Avingtrans (LON:AVG) Hits New 1-Year High – Time to Buy?

Avingtrans plc (LON:AVG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 730 and last traded at GBX 720, with a volume of 775081 shares trading hands. The stock had previously closed at GBX 715.

Avingtrans Trading Up 0.7%

The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57. The firm has a market cap of £242.08 million, a PE ratio of 34.12 and a beta of 0.55. The stock’s 50 day simple moving average is GBX 652.02 and its 200 day simple moving average is GBX 602.64.

Insiders Place Their Bets

In related news, insider Stephen King sold 140,000 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £994,000. Also, insider Stephen McQuillan sold 157,500 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total value of £1,118,250. Insiders own 15.13% 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.