Avingtrans (LON:AVG) Releases Earnings Results

Avingtrans (LON:AVG) released its earnings results on Wednesday. The company reported GBX 12.20 ($0.15) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Avingtrans had a net margin of 2.68% and a return on equity of 3.32%.

Avingtrans Stock Up 4.0 %

Shares of LON:AVG traded up GBX 13.95 ($0.18) during trading on Wednesday, reaching GBX 363.95 ($4.61). 43,399 shares of the stock traded hands, compared to its average volume of 30,426. The stock has a market cap of £116.02 million, a P/E ratio of 32.30 and a beta of 0.52. Avingtrans has a 52-week low of GBX 331 ($4.20) and a 52-week high of GBX 444 ($5.63). The company has a debt-to-equity ratio of 21.69, a quick ratio of 1.87 and a current ratio of 1.82. The stock has a 50-day moving average of GBX 372.59 and a two-hundred day moving average of GBX 390.93.

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.