Avingtrans (LON:AVG) Announces Earnings Results

Avingtrans (LON:AVG) announced its earnings results on Wednesday. The company reported GBX 32 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Avingtrans had a return on equity of 6.13% and a net margin of 4.54%.

Avingtrans Price Performance

LON AVG opened at GBX 754.45 on Friday. The company has a 50-day moving average price of GBX 725.26 and a 200-day moving average price of GBX 655.60. Avingtrans has a 52 week low of GBX 470 and a 52 week high of GBX 760. The company has a quick ratio of 1.87, a current ratio of 1.57 and a debt-to-equity ratio of 23.26. The firm has a market capitalization of £278.63 million, a P/E ratio of 35.76 and a beta of 0.57.

Insider Buying and Selling

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

Avingtrans Company Profile

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.