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

Key Points

• Avingtrans plc's share price has recently crossed above its 200-day moving average, reaching a high of GBX 443.58 ($5.99) during trading.
• The company's market capitalization stands at £144.73 million, with a price-to-earnings ratio of 40.30 and a beta of 0.52.
• Avingtrans employs a "buy and build" strategy aimed at delivering shareholder value within highly regulated engineering markets.

Avingtrans plc (LON:AVG - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 384.45 ($5.15) and traded as high as GBX 443.58 ($5.94). Avingtrans shares last traded at GBX 432 ($5.79), with a volume of 9,638 shares changing hands.

Avingtrans Stock Up 2.4%

The firm has a 50 day simple moving average of GBX 430.34 and a two-hundred day simple moving average of GBX 387.07. 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 stock has a market cap of £154.20 million, a P/E ratio of 3,788.62 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.