AdvancedAdvT (LON:ADVT) Reaches New 1-Year High - Time to Buy?

Key Points

• AdvancedAdvT Limited has reached a new 52-week high, trading up to GBX 208 ($2.78), with a subsequent last trade at GBX 199.70 ($2.67).
• The company reported earnings of GBX 8 ($0.11) per share for the last quarter, boasting a net margin of 30.56% and a return on equity of 1.17%.
• AdvancedAdvT focuses on mergers and acquisitions as part of its business strategy and was formerly known as Marwyn Acquisition Company I Limited.

AdvancedAdvT Limited (LON:ADVT - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 208 ($2.78) and last traded at GBX 199.70 ($2.67), with a volume of 395156 shares trading hands. The stock had previously closed at GBX 192.50 ($2.57).

AdvancedAdvT Trading Up 3.7%

The firm has a market cap of £317.12 million, a price-to-earnings ratio of 221.45 and a beta of 0.52. The company has a fifty day moving average price of GBX 175.21 and a 200-day moving average price of GBX 160.20.

AdvancedAdvT (LON:ADVT - Get Free Report) last announced its quarterly earnings results on Monday, June 30th. The company reported GBX 8 ($0.11) earnings per share (EPS) for the quarter. AdvancedAdvT had a return on equity of 1.17% and a net margin of 30.56%.

AdvancedAdvT Company Profile

AdvancedAdvT Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share or debt purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Marwyn Acquisition Company I Limited and changed its name to AdvancedAdvT Limited in March 2021.

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