Avon Protection (LON:AVON) Reaches New 12-Month High – Time to Buy?

Shares of Avon Protection plc (LON:AVON) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,564 ($20.81) and last traded at GBX 1,552.02 ($20.65), with a volume of 7460 shares changing hands. The stock had previously closed at GBX 1,536 ($20.44).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “hold” rating on shares of Avon Protection in a research report on Thursday, March 27th.

Avon Protection Stock Performance

The firm has a market capitalization of £574.78 million, a PE ratio of -52.97, a PEG ratio of 1.85 and a beta of 0.35. The company’s 50-day moving average price is GBX 1,409.95 and its 200-day moving average price is GBX 1,412.80. The company has a debt-to-equity ratio of 47.69, a quick ratio of 0.85 and a current ratio of 2.27.

Avon Protection Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were given a dividend of $0.16 per share. This is a boost from Avon Protection’s previous dividend of $0.07. This represents a dividend yield of 0.97%. The ex-dividend date was Thursday, February 6th. Avon Protection’s payout ratio is -62.08%.

Insider Transactions at Avon Protection

In other news, insider Rich Cashin sold 7,827 shares of Avon Protection stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 1,421 ($18.91), for a total transaction of £111,221.67 ($148,019.26). In the last three months, insiders bought 32 shares of company stock valued at $45,463. Insiders own 5.10% of the company’s stock.

About Avon Protection

We are a world leader in protective equipment, with a reputation for innovative design, high-performance quality and specialist materials expertise.
Our two businesses, Avon Protection and Team Wendy, supply our respiratory and head protection portfolio to customers across the globe from our manufacturing sites in the UK and North America.
With over 900 talented people our shared purpose and core beliefs are to be #FIERCE about Protecting Lives.