Avingtrans (LON:AVG) Hits New 52-Week High – Time to Buy?

Avingtrans plc (LON:AVG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 730 and last traded at GBX 720, with a volume of 412898 shares. The stock had previously closed at GBX 720.

Avingtrans Stock Performance

The company has a debt-to-equity ratio of 23.26, a quick ratio of 1.87 and a current ratio of 1.57. The stock has a market cap of £242.08 million, a PE ratio of 34.12 and a beta of 0.56. The firm has a fifty day moving average price of GBX 663.39 and a 200 day moving average price of GBX 615.69.

Insider Transactions at Avingtrans

In other Avingtrans news, insider Stephen King sold 140,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £994,000. Also, insider Stephen McQuillan sold 157,500 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 710, for a total value of £1,118,250. Company insiders own 15.13% 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.