Avon Protection (LON:AVON) Sets New 52-Week High - Here's Why

Avon Protection plc (LON:AVON - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1,772 ($23.87) and last traded at GBX 1,744 ($23.49), with a volume of 18231 shares changing hands. The stock had previously closed at GBX 1,696 ($22.85).

Analyst Ratings Changes

Separately, Shore Capital restated a "hold" rating on shares of Avon Protection in a report on Wednesday, May 21st.

Avon Protection Trading Down 1.7%

The company has a market cap of £654.11 million, a price-to-earnings ratio of -60.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The firm has a 50-day moving average price of GBX 1,457.31 and a 200 day moving average price of GBX 1,442.40. The company has a current ratio of 2.27, a quick ratio of 0.85 and a debt-to-equity ratio of 47.69.

Avon Protection Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were paid a $0.16 dividend. This represents a dividend yield of 0.97%. The ex-dividend date was Thursday, February 6th. This is an increase from Avon Protection's previous dividend of $0.07. Avon Protection's payout ratio is currently -62.08%.

Insider Activity at Avon Protection

In other Avon Protection news, insider Rich Cashin sold 7,827 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of GBX 1,421 ($19.14), for a total value of £111,221.67 ($149,833.85). Insiders acquired a total of 32 shares of company stock valued at $45,463 over the last ninety days. Insiders own 5.10% of the company's stock.

Avon Protection Company Profile

We are a world leader in protective equipment, with a reputation for innovative design, high-performance quality and specialist materials expertise. Our two businesses, Avon Protection and Team Wendy, supply our respiratory and head protection portfolio to customers across the globe from our manufacturing sites in the UK and North America. With over 900 talented people our shared purpose and core beliefs are to be #FIERCE about Protecting Lives.