Avingtrans (LON:AVG) Hits New 1-Year High After Dividend Announcement

Avingtrans plc (LON:AVG) shares hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 444 ($5.95) and last traded at GBX 424.40 ($5.68), with a volume of 41936 shares changing hands. The stock had previously closed at GBX 425 ($5.69).

The newly announced dividend which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be paid a dividend of GBX 2.90 ($0.04) per share. This represents a dividend yield of 0.69%. This is an increase from Avingtrans’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, November 7th. Avingtrans’s payout ratio is 2,631.58%.

Avingtrans Stock Performance

The company has a debt-to-equity ratio of 19.24, a current ratio of 1.85 and a quick ratio of 1.87. The firm has a market capitalization of £138.98 million, a P/E ratio of 2,210.00 and a beta of 0.52. The stock’s 50 day moving average is GBX 393.45 and its two-hundred day moving average is GBX 393.36.

Insider Activity at Avingtrans

In other news, insider Stephen McQuillan acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was purchased at an average price of GBX 360 ($4.82) per share, for a total transaction of £3,600 ($4,820.57). Corporate insiders own 23.84% of the company’s stock.

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.