Avingtrans plc (LON:AVG – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 730 and last traded at GBX 721.08, with a volume of 161948 shares traded. The stock had previously closed at GBX 720.
Avingtrans Price Performance
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 stock’s fifty day simple moving average is GBX 659.02 and its 200-day simple moving average is GBX 610.69. The company has a market capitalization of £242.75 million, a P/E ratio of 34.22 and a beta of 0.55.
Insider Activity
In related news, insider Stephen McQuillan sold 157,500 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total transaction of £1,118,250. Also, insider Stephen King sold 140,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of GBX 710, for a total value of £994,000. 15.13% of the stock is currently owned by insiders.
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.
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