Avingtrans (LON:AVG) Sets New 12-Month High – Here’s Why

Shares of Avingtrans plc (LON:AVG) hit a new 52-week high on Monday. The stock traded as high as GBX 770 and last traded at GBX 770, with a volume of 120,640 shares trading hands. The stock had previously closed at GBX 757.50.

Avingtrans Stock Up 1.7%

The company has a debt-to-equity ratio of 18.79, a current ratio of 1.55 and a quick ratio of 1.87. The company has a market capitalization of £284.37 million, a P/E ratio of 40.31 and a beta of 0.57. The stock has a 50-day moving average price of GBX 728.80 and a 200-day moving average price of GBX 664.78.

Avingtrans (LON:AVG) last announced its earnings results on Wednesday, September 30th. The company reported GBX 32 EPS for the quarter. Avingtrans had a return on equity of 5.57% and a net margin of 4.13%. On average, research analysts predict that Avingtrans plc will post 15.08 EPS for the current fiscal year.

Insider Activity at Avingtrans

In other news, insider Stephen McQuillan sold 157,500 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total value of £1,118,250. Also, insider Stephen King sold 140,000 shares of the company’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 £994,000. 13.57% of the stock is currently owned by company insiders.

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.