Avingtrans (LON:AVG) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Avingtrans plc (LON:AVG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 394.48 ($5.28) and traded as high as GBX 421.80 ($5.64). Avingtrans shares last traded at GBX 412.50 ($5.52), with a volume of 14,991 shares.

Avingtrans Price Performance

The company has a current ratio of 1.85, a quick ratio of 1.87 and a debt-to-equity ratio of 19.24. The company’s 50 day moving average is GBX 398.87 and its 200-day moving average is GBX 394.48. The stock has a market cap of £136.50 million, a PE ratio of 2,171.05 and a beta of 0.52.

Avingtrans Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 7th will be paid a GBX 2.90 ($0.04) dividend. The ex-dividend date is Thursday, November 7th. This represents a dividend yield of 0.69%. This is a boost from Avingtrans’s previous dividend of $1.80. Avingtrans’s payout ratio is currently 2,631.58%.

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.