Avingtrans (LON:AVG) Insider Sells £994,000 in Stock

Avingtrans plc (LON:AVG) insider Stephen King sold 140,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £994,000.

Avingtrans Stock Performance

Shares of AVG traded up GBX 9.85 on Tuesday, reaching GBX 719.85. 328,838 shares of the stock traded hands, compared to its average volume of 109,751. The firm has a market cap of £242.03 million, a price-to-earnings ratio of 34.12 and a beta of 0.55. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.57 and a quick ratio of 1.87. Avingtrans plc has a 12 month low of GBX 410 and a 12 month high of GBX 720.27. The stock’s 50-day moving average price is GBX 650.79 and its 200-day moving average price is GBX 601.09.

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.