Avingtrans (LON:AVG) Hits New 1-Year High After Dividend Announcement

Avingtrans plc (LON:AVG)’s share price reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as GBX 444 ($5.95) and last traded at GBX 424.40 ($5.68), with a volume of 41936 shares trading hands. The stock had previously closed at GBX 425 ($5.69).

The newly announced dividend which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be issued a GBX 2.90 ($0.04) dividend. This represents a yield of 0.69%. The ex-dividend date is Thursday, November 7th. This is an increase from Avingtrans’s previous dividend of $1.80. Avingtrans’s dividend payout ratio (DPR) is 2,631.58%.

Avingtrans Price Performance

The company has a debt-to-equity ratio of 19.24, a quick ratio of 1.87 and a current ratio of 1.85. The company has a market capitalization of £138.98 million, a price-to-earnings ratio of 2,210.00 and a beta of 0.52. The firm’s 50-day simple moving average is GBX 393.45 and its 200-day simple moving average is GBX 393.36.

Insider Activity

In other Avingtrans news, insider Stephen McQuillan bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were acquired at an average cost of GBX 360 ($4.82) per share, for a total transaction of £3,600 ($4,820.57). 23.84% of the stock is owned by company insiders.

Avingtrans Company Profile

Avingtrans plc engages in the provision of engineered components, systems, and services to the energy, medical, and infrastructure industries worldwide. It operates in three segments: Energy-EPM, Energy-PSRE, and Medical-MII. The company designs, manufactures, integrates, and services electric motors and pumps, steam turbines, gas compressors, pressure vessels, blast doors, containers, and skidded systems.