Avingtrans (LON:AVG) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Avingtrans plc shares have crossed above their 200-day moving average, reaching a high of GBX 430 ($5.71) during trading.
• The company has a strong balance sheet with a debt-to-equity ratio of 21.69 and a market capitalization of £130.70 million.
• Avingtrans employs a "buy and build" strategy in engineering markets, focusing on delivering value through a clear strategic approach and experienced management.

Avingtrans plc (LON:AVG - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 376.14 ($5.00) and traded as high as GBX 430 ($5.72). Avingtrans shares last traded at GBX 410 ($5.45), with a volume of 31,790 shares trading hands.

Avingtrans Trading Up 0.2%

The company's 50 day moving average price is GBX 416.62 and its 200 day moving average price is GBX 376.70. 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 firm has a market cap of £137.40 million, a PE ratio of 38.25 and a beta of 0.52.

About Avingtrans

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.