Avingtrans (LON:AVG) Sets New 52-Week High - Should You Buy?

Key Points

• Avingtrans plc reached a new 52-week high of GBX 449 ($6.00) during trading, closing slightly lower at GBX 447.45 ($5.98).
• The company has a market cap of £142.64 million and operates with a debt-to-equity ratio of 21.69, indicating a strong balance sheet.
• Avingtrans employs a "buy and build" strategy in highly regulated engineering markets, focusing on delivering significant shareholder value through effective management.

Avingtrans plc (LON:AVG - ) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 449 ($6.00) and last traded at GBX 447.45 ($5.98), with a volume of 67514 shares trading hands. The stock had previously closed at GBX 430 ($5.74).

Avingtrans Price Performance

The stock has a market cap of £142.64 million, a price-to-earnings ratio of 39.71 and a beta of 0.52. The company has a debt-to-equity ratio of 21.69, a quick ratio of 1.87 and a current ratio of 1.82. The company has a 50-day simple moving average of GBX 416.62 and a two-hundred day simple moving average of GBX 376.70.

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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