Avingtrans (LON:AVG) Hits New 1-Year High – Time to Buy?

Avingtrans plc (LON:AVG)’s share price reached a new 52-week high on Tuesday. The stock traded as high as GBX 760 and last traded at GBX 750, with a volume of 27347 shares trading hands. The stock had previously closed at GBX 750.

Avingtrans Price Performance

The firm has a market cap of £276.98 million, a price-to-earnings ratio of 35.55 and a beta of 0.57. The company has a current ratio of 1.55, a quick ratio of 1.87 and a debt-to-equity ratio of 18.79. The stock’s fifty day moving average price is GBX 726.29 and its 200-day moving average price is GBX 658.51.

Avingtrans (LON:AVG) last released its quarterly earnings data on Wednesday, September 30th. The company reported GBX 32 EPS for the quarter. Avingtrans had a return on equity of 5.57% and a net margin of 4.13%. As a group, equities research analysts forecast that Avingtrans plc will post 15.0753769 earnings per share for the current fiscal year.

Insider Transactions at Avingtrans

In other Avingtrans news, insider Stephen King sold 140,000 shares of Avingtrans stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £994,000. Also, insider Stephen McQuillan sold 157,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total transaction of £1,118,250. Corporate insiders own 13.57% of the company’s stock.

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.