Avon Protection (LON:AVON) Reaches New 52-Week High - Here's What Happened

Shares of Avon Protection plc (LON:AVON - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,564 ($20.78) and last traded at GBX 1,552.02 ($20.62), with a volume of 7460 shares. The stock had previously closed at GBX 1,536 ($20.40).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "hold" rating on shares of Avon Protection in a research note on Thursday, March 27th.

Avon Protection Stock Performance

The company has a debt-to-equity ratio of 47.69, a quick ratio of 0.85 and a current ratio of 2.27. The business has a 50-day moving average price of GBX 1,416.43 and a 200 day moving average price of GBX 1,417.75. The stock has a market capitalization of £580.02 million, a P/E ratio of -53.45, a PEG ratio of 1.85 and a beta of 0.35.

Avon Protection Increases Dividend

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

Insider Buying and Selling at Avon Protection

In other news, insider Rich Cashin sold 7,827 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 1,421 ($18.88), for a total value of £111,221.67 ($147,743.98). In the last ninety days, insiders purchased 32 shares of company stock worth $45,463. Insiders own 5.10% of the company's stock.

About Avon Protection

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.