Avingtrans (LON:AVG) Reaches New 52-Week High – What’s Next?

Shares of Avingtrans plc (LON:AVG) hit a new 52-week high on Tuesday . The company traded as high as GBX 730 and last traded at GBX 721.08, with a volume of 161948 shares. The stock had previously closed at GBX 720.

Avingtrans Stock Up 0.2%

The company has a market capitalization of £242.44 million, a PE ratio of 34.17 and a beta of 0.55. The firm’s 50-day simple moving average is GBX 656.84 and its 200 day simple moving average is GBX 608.17. The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57.

Insider Activity

In other Avingtrans news, 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. Also, insider Stephen McQuillan sold 157,500 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £1,118,250. 15.13% of the stock is owned by company 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.