Avingtrans (LON:AVG) Sets New 52-Week High – Should You Buy?

Shares of Avingtrans plc (LON:AVG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 730 and last traded at GBX 720, with a volume of 412898 shares trading hands. The stock had previously closed at GBX 720.

Avingtrans Stock Performance

The stock has a market capitalization of £242.08 million, a price-to-earnings ratio of 34.12 and a beta of 0.55. The firm has a fifty day moving average of GBX 661.26 and a 200 day moving average of GBX 613.19. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.57 and a quick ratio of 1.87.

Insider Activity at Avingtrans

In other news, insider Stephen King sold 140,000 shares of the firm’s stock in a transaction that occurred on 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 on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £1,118,250. Corporate insiders own 15.13% of the company’s stock.

Avingtrans Company Profile

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.