Avingtrans (LON:AVG) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Avingtrans plc shares have surpassed their 200-day moving average for the first time, trading at GBX 461.80 ($6.20) compared to the moving average of GBX 388.22 ($5.22).
• The company operates under a "buy and build" strategy in regulated engineering markets, focusing on delivering shareholder value through a robust balance sheet and experienced management.
• Avingtrans has a market capitalization of £152.81 million and a PE ratio of 3,754.47, indicating its stock performance relative to its earnings.

Avingtrans plc (LON:AVG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 388.22 ($5.25) and traded as high as GBX 464 ($6.28). Avingtrans shares last traded at GBX 461.80 ($6.25), with a volume of 49,480 shares changing hands.

Avingtrans Stock Down 0.3%

The company has a quick ratio of 1.87, a current ratio of 1.82 and a debt-to-equity ratio of 21.69. The business has a fifty day simple moving average of GBX 434.03 and a two-hundred day simple moving average of GBX 390.61. The company has a market capitalization of £151.69 million, a price-to-earnings ratio of 3,726.91 and a beta of 0.52.

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.