Avingtrans (LON:AVG) Posts 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 return on equity of 3.32% and a net margin of 2.68%.

Avingtrans Price Performance

LON AVG traded down GBX 1.50 ($0.02) during trading on Friday, hitting GBX 361 ($4.55). 111,791 shares of the stock traded hands, compared to its average volume of 34,122. The company has a quick ratio of 1.87, a current ratio of 1.82 and a debt-to-equity ratio of 21.69. Avingtrans has a 12-month low of GBX 343 ($4.32) and a 12-month high of GBX 444 ($5.60). The firm has a 50-day simple moving average of GBX 371.52 and a 200-day simple moving average of GBX 390.70. The company has a market capitalization of £115.08 million, a P/E ratio of 32.04 and a beta of 0.52.

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.