Avingtrans (LON:AVG) Issues Earnings Results

Key Points

• Avingtrans reported a quarterly earnings per share (EPS) of GBX 23.70 and achieved a net margin of 2.68% with a return on equity of 3.32%.
• Shares of Avingtrans opened at GBX 474.45 but saw a decline of 3.2%, with a market cap of £157 million.
• The company follows a “buy and build” strategy in regulated engineering markets, focusing on delivering shareholder value through a strong balance sheet and experienced management.

Avingtrans (LON:AVG - ) announced its quarterly earnings results on Wednesday. The company reported GBX 23.70 EPS for the quarter, Digital Look Earnings reports. Avingtrans had a return on equity of 3.32% and a net margin of 2.68%.

Avingtrans Trading Down 3.2%

Shares of AVG stock opened at GBX 474.45 on Wednesday. Avingtrans has a 1 year low of GBX 300 and a 1 year high of GBX 500. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.82 and a quick ratio of 1.87. The stock's 50 day simple moving average is GBX 443.41 and its two-hundred day simple moving average is GBX 398.47. The company has a market cap of £157.00 million, a PE ratio of 3,857.32 and a beta of 0.52.

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.

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