Avingtrans (LON:AVG) Sets New 1-Year Low – What’s Next?

Avingtrans plc (LON:AVG) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 326 ($4.22) and last traded at GBX 338 ($4.37), with a volume of 30846 shares traded. The stock had previously closed at GBX 337.40 ($4.36).

Avingtrans Trading Up 0.2 %

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 has a market cap of £107.75 million, a PE ratio of 30.00 and a beta of 0.52. The company’s 50 day moving average price is GBX 357.72 and its 200 day moving average price is GBX 384.02.

Avingtrans (LON:AVG) last issued its quarterly earnings results on Wednesday, February 26th. The company reported GBX 12.20 ($0.16) EPS for the quarter. Avingtrans had a net margin of 2.68% and a return on equity of 3.32%. As a group, analysts forecast that Avingtrans plc will post 15.0753769 EPS for the current fiscal year.

Avingtrans Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be given a GBX 1.90 ($0.02) dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend is Thursday, May 29th. Avingtrans’s dividend payout ratio is currently 44.38%.

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.