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

Avingtrans logo with Industrials background

Key Points

  • Avingtrans plc shares have surpassed their two hundred day moving average, reaching a peak of GBX 470 ($6.38) during trading.
  • The company has a market capitalization of £155.03 million and a notably high price-to-earnings ratio of 3,808.94.
  • Avingtrans employs a “buy and build” strategy in engineering markets, focusing on delivering significant shareholder value through a strong balance sheet and experienced management.
  • MarketBeat previews the top five stocks to own by November 1st.

Avingtrans plc (LON:AVG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 392.74 ($5.32) and traded as high as GBX 470 ($6.37). Avingtrans shares last traded at GBX 468.50 ($6.35), with a volume of 9,858 shares.

Avingtrans Stock Performance

The stock has a market capitalization of £152.40 million, a PE ratio of 3,744.31 and a beta of 0.52. 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 firm has a 50 day moving average price of GBX 439.94 and a 200-day moving average price of GBX 395.52.

About Avingtrans

(Get Free Report)

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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