Avingtrans (LON:AVG) Share Price Passes 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 - )'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 384.45 ($5.19) and traded as high as GBX 443.58 ($5.99). Avingtrans shares last traded at GBX 432 ($5.83), with a volume of 9,638 shares.

Avingtrans Trading Up 2.9%

The company has a debt-to-equity ratio of 21.69, a current ratio of 1.82 and a quick ratio of 1.87. The business has a 50 day moving average of GBX 427.29 and a 200 day moving average of GBX 384.45. The firm has a market capitalization of £144.73 million, a price-to-earnings ratio of 40.30 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.