Avingtrans (LON:AVG) Reaches New 12-Month High – What’s Next?

Avingtrans plc (LON:AVG)’s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 719.80 and last traded at GBX 706, with a volume of 177812 shares trading hands. The stock had previously closed at GBX 700.

Avingtrans Stock Up 0.9%

The company has a quick ratio of 1.87, a current ratio of 1.57 and a debt-to-equity ratio of 23.26. The company has a market cap of £237.37 million, a PE ratio of 33.46 and a beta of 0.55. The business has a 50-day simple moving average of GBX 647.85 and a 200-day simple moving average of GBX 596.37.

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.