Avingtrans (LON:AVG) Trading 1% Higher – What’s Next?

Avingtrans plc (LON:AVG)’s share price rose 1% during trading on Wednesday . The stock traded as high as GBX 394 ($4.95) and last traded at GBX 394 ($4.95). Approximately 3,831 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 33,756 shares. The stock had previously closed at GBX 390 ($4.90).

Avingtrans Stock Up 1.0 %

The firm has a market capitalization of £130.37 million, a P/E ratio of 3,581.82 and a beta of 0.52. The company has a fifty day simple moving average of GBX 400.06 and a 200 day simple moving average of GBX 392.91. The company has a quick ratio of 1.87, a current ratio of 1.82 and a debt-to-equity ratio of 21.20.

Avingtrans Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be paid a GBX 2.90 ($0.04) dividend. This is a boost from Avingtrans’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, November 7th. This represents a yield of 0.69%. Avingtrans’s payout ratio is presently 4,545.45%.

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.