Avingtrans (LON:AVG) Reaches New 52-Week High – Here’s What Happened

Avingtrans plc (LON:AVG) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 680 and last traded at GBX 664.55, with a volume of 51646 shares trading hands. The stock had previously closed at GBX 680.

Avingtrans Stock Performance

The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57. The stock’s 50-day moving average is GBX 604.02 and its 200 day moving average is GBX 556.24. The firm has a market cap of £223.44 million, a P/E ratio of 31.50 and a beta of 0.47.

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.