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

Avingtrans plc (LON:AVG) shares hit a new 52-week high on Friday . The company traded as high as GBX 640 and last traded at GBX 637, with a volume of 999849 shares changing hands. The stock had previously closed at GBX 610.

Avingtrans Price Performance

The stock has a fifty day simple moving average of GBX 564.66 and a two-hundred day simple moving average of GBX 531.92. The company has a market cap of £211.92 million, a PE ratio of 30.19 and a beta of 0.42. The company has a current ratio of 1.57, a quick ratio of 1.87 and a debt-to-equity ratio of 23.26.

Avingtrans (LON:AVG) last posted its quarterly earnings results on Wednesday, February 25th. The company reported GBX 14.80 earnings per share (EPS) for the quarter. Avingtrans had a net margin of 4.54% and a return on equity of 6.13%. On average, equities analysts predict that Avingtrans plc will post 15.0753769 EPS 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.

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.