Avingtrans (LON:AVG) Reaches New 1-Year High - What's Next?

Key Points

• Avingtrans plc's stock reached a new 52-week high, trading at GBX 509.90 and closing at GBX 506.50, reflecting a significant 7.8% increase in value.
• The company reported earnings of GBX 23.70 per share for the last quarter, with analysts estimating an annual EPS of approximately 15.08.
• Avingtrans employs a "buy and build" strategy focused on regulated engineering markets, aiming to enhance shareholder value through a clear strategic approach.

Avingtrans plc (LON:AVG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 509.90 ($6.85) and last traded at GBX 506.50 ($6.80), with a volume of 446845 shares. The stock had previously closed at GBX 470 ($6.31).

Avingtrans Trading Up 7.8%

The firm has a fifty day simple moving average of GBX 447.62 and a 200-day simple moving average of GBX 402.10. The firm has a market cap of £167.60 million, a P/E ratio of 4,117.89 and a beta of 0.52. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.82 and a quick ratio of 1.87.

Avingtrans (LON:AVG - Get Free Report) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX 23.70 earnings per share (EPS) for the quarter. Avingtrans had a return on equity of 3.32% and a net margin of 2.68%. On average, equities research analysts expect that Avingtrans plc will post 15.0753769 earnings per share for the current year.

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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