Avingtrans (LON:AVG) Sets New 1-Year High – Should You Buy?

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

Avingtrans Stock Performance

The stock has a market cap of £220.22 million, a PE ratio of 31.04 and a beta of 0.47. The company has a fifty day moving average price of GBX 609.76 and a 200 day moving average price of GBX 558.13. The company has a quick ratio of 1.87, a current ratio of 1.57 and a debt-to-equity ratio of 23.26.

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.