Avingtrans (LON:AVG) Posts Quarterly Earnings Results

Avingtrans (LON:AVG) released its quarterly earnings results on Wednesday. The company reported GBX 12.20 ($0.15) earnings per share for the quarter, Digital Look Earnings reports. Avingtrans had a net margin of 2.68% and a return on equity of 3.32%.

Avingtrans Trading Down 0.3 %

AVG stock traded down GBX 1.25 ($0.02) during trading on Friday, hitting GBX 361.25 ($4.55). 18,707 shares of the company traded hands, compared to its average volume of 31,906. The company has a debt-to-equity ratio of 21.69, a quick ratio of 1.87 and a current ratio of 1.82. Avingtrans has a 1 year low of GBX 343 ($4.32) and a 1 year high of GBX 444 ($5.60). The firm has a market capitalization of £115.16 million, a PE ratio of 32.06 and a beta of 0.52. The company has a 50-day moving average of GBX 371.52 and a 200-day moving average of 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.