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Avingtrans (LON:AVG) Reaches New 12-Month High - Still a Buy?

Avingtrans logo with Industrials background

Key Points

  • Avingtrans plc reached a new 52-week high of GBX 510 ($6.80) during trading, closing at GBX 497.35 ($6.63).
  • The company reported GBX 23.70 earnings per share for the latest quarter, with analysts forecasting 15.08 earnings per share for the fiscal year.
  • Avingtrans employs a "buy and build" strategy to enhance shareholder value in regulated engineering markets, supported by a strong balance sheet and experienced management.
  • Five stocks to consider instead of Avingtrans.

Avingtrans plc (LON:AVG - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 510 ($6.80) and last traded at GBX 497.35 ($6.63), with a volume of 29562 shares trading hands. The stock had previously closed at GBX 501.44 ($6.69).

Avingtrans Trading Down 0.8%

The firm has a market cap of £164.77 million, a PE ratio of 2,673.90 and a beta of 0.52. The company's fifty day moving average price is GBX 462.18 and its two-hundred day moving average price is GBX 412.19. The company has a quick ratio of 1.87, a current ratio of 1.82 and a debt-to-equity ratio of 21.69.

Avingtrans (LON:AVG - Get Free Report) last released its 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%. As a group, sell-side analysts forecast that Avingtrans plc will post 15.0753769 earnings per share for the current fiscal year.

About Avingtrans

(Get Free Report)

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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