Avingtrans (LON:AVG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Avingtrans plc (LON:AVG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 392.75 ($4.81) and traded as low as GBX 387.11 ($4.74). Avingtrans shares last traded at GBX 390 ($4.77), with a volume of 12,495 shares traded.

Avingtrans Trading Down 2.5 %

The stock has a 50 day moving average of GBX 390.11 and a 200 day moving average of GBX 392.95. The company has a debt-to-equity ratio of 21.20, a current ratio of 1.82 and a quick ratio of 1.87. The firm has a market cap of £127.40 million, a P/E ratio of 3,500.00 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.