Avingtrans (LON:AVG) Announces Quarterly Earnings Results

Avingtrans (LON:AVG) issued 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 Performance

Shares of LON AVG traded down GBX 1.50 ($0.02) during mid-day trading on Friday, hitting GBX 361 ($4.55). The company had a trading volume of 111,791 shares, compared to its average volume of 34,122. Avingtrans has a 12 month low of GBX 343 ($4.32) and a 12 month high of GBX 444 ($5.60). The stock has a market cap of £115.08 million, a price-to-earnings ratio of 32.04 and a beta of 0.52. The company has a debt-to-equity ratio of 21.69, a current ratio of 1.82 and a quick ratio of 1.87. The firm’s 50 day simple moving average is GBX 371.52 and its two-hundred day simple moving average is GBX 390.70.

About Avingtrans

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.