Avingtrans (LON:AVG) Stock Passes Below 200-Day Moving Average – Should You Sell?

Avingtrans plc (LON:AVG)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 396.25 ($4.99) and traded as low as GBX 395.66 ($4.99). Avingtrans shares last traded at GBX 407.50 ($5.14), with a volume of 66,150 shares.

Avingtrans Stock Performance

The firm’s 50 day simple moving average is GBX 406.93 and its 200-day simple moving average is GBX 396.37. The company has a debt-to-equity ratio of 21.20, a quick ratio of 1.87 and a current ratio of 1.82. The company has a market capitalization of £134.84 million, a price-to-earnings ratio of 3,704.55 and a beta of 0.52.

Avingtrans Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be paid a GBX 2.90 ($0.04) dividend. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, November 7th. This is a boost from Avingtrans’s previous dividend of $1.80. Avingtrans’s dividend payout ratio (DPR) is presently 4,545.45%.

About Avingtrans

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.