Avingtrans (LON:AVG) Share Price Crosses Above 200-Day Moving Average of $381.34

Avingtrans plc (LON:AVG)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 381.34 ($4.79) and traded as high as GBX 428.50 ($5.38). Avingtrans shares last traded at GBX 425 ($5.34), with a volume of 48,447 shares trading hands.

Avingtrans Price Performance

The firm has a market capitalization of £140.63 million, a price-to-earnings ratio of 2,236.84 and a beta of 0.58. The company’s 50 day moving average is GBX 396.55 and its 200 day moving average is GBX 381.34. The company has a quick ratio of 1.87, a current ratio of 1.85 and a debt-to-equity ratio of 19.24.

Avingtrans Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 23rd will be given a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 0.52%. Avingtrans’s payout ratio is presently 2,631.58%.

Insider Transactions at Avingtrans

In related news, insider Roger Steven McDowell sold 27,900 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 370 ($4.65), for a total value of £103,230 ($129,685.93). In related news, insider Stephen King sold 5,400 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of GBX 390 ($4.90), for a total transaction of £21,060 ($26,457.29). Also, insider Roger Steven McDowell sold 27,900 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 370 ($4.65), for a total transaction of £103,230 ($129,685.93). Insiders own 24.03% of the company’s stock.

About Avingtrans

Avingtrans plc engages in the provision of engineered components, systems, and services to the energy, medical, and infrastructure industries worldwide. It operates in three segments: Energy-EPM, Energy-PSRE, and Medical-MII. The company designs, manufactures, integrates, and services electric motors and pumps, steam turbines, gas compressors, pressure vessels, blast doors, containers, and skidded systems.