Avingtrans (LON:AVG) Hits New 1-Year High - Here's What Happened

Key Points

• Avingtrans plc shares reached a new 52-week high of GBX 450 ($6.08) during trading, closing at GBX 436.61 ($5.90) with significant trading volume.
• The company has a market cap of £139.18 million and a price-to-earnings ratio of 38.75, indicating strong investor interest.
• Avingtrans employs a strategic approach known as “buy and build” to create shareholder value in regulated engineering markets.

Avingtrans plc (LON:AVG - ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 450 ($6.08) and last traded at GBX 436.61 ($5.90), with a volume of 59401 shares changing hands. The stock had previously closed at GBX 440 ($5.94).

Avingtrans Stock Performance

The stock's 50 day moving average is GBX 423.83 and its 200 day moving average is GBX 381.06. The firm has a market cap of £139.18 million, a price-to-earnings ratio of 38.75 and a beta of 0.52. The company has a current ratio of 1.82, a quick ratio of 1.87 and a debt-to-equity ratio of 21.69.

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.

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