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

Avingtrans plc (LON:AVG) hit a new 52-week high on Friday . The stock traded as high as GBX 680 and last traded at GBX 672.45, with a volume of 162806 shares changing hands. The stock had previously closed at GBX 630.

Avingtrans Trading Up 6.7%

The firm has a market cap of £226.09 million, a price-to-earnings ratio of 31.87 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. The business has a 50-day moving average of GBX 641.14 and a 200-day moving average of GBX 583.89.

About Avingtrans

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.