FinnCap Reiterates “Corporate” Rating for Avingtrans (LON:AVG)

FinnCap reiterated their corporate rating on shares of Avingtrans (LON:AVG) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

LON AVG opened at GBX 245.50 ($3.21) on Wednesday. The stock has a market capitalization of $76.99 million and a price-to-earnings ratio of 306.88. The stock’s 50 day moving average price is GBX 234.77 and its two-hundred day moving average price is GBX 223.18. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.86 and a current ratio of 1.27. Avingtrans has a 52 week low of GBX 170.10 ($2.22) and a 52 week high of GBX 260 ($3.40).

The company also recently announced a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, October 24th will be paid a GBX 2.40 ($0.03) dividend. This is a boost from Avingtrans’s previous dividend of $1.40. The ex-dividend date is Thursday, October 24th. This represents a yield of 1.01%. Avingtrans’s payout ratio is presently 5.00%.

About Avingtrans

Avingtrans plc manufactures and sells engineered components, systems, and services to the energy, medical, and infrastructure industries worldwide. It operates in three segments: Energy-EPM, Energy-PSRE, and Medical. The company designs, manufactures, integrates, and services electric motors and pumps, steam turbines, gas compressors, pressure vessels, containers, and skidded systems; and fabricated poles and cabinets for roadside safety cameras and rail track signaling.

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