Avon Protection (LON:AVON) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Avon Protection plc (LON:AVON) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,378.76 ($17.79) and traded as high as GBX 1,466 ($18.91). Avon Protection shares last traded at GBX 1,440 ($18.58), with a volume of 43,816 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of Avon Protection in a research note on Thursday, March 27th.

Avon Protection Trading Down 4.6 %

The stock has a 50-day moving average price of GBX 1,447.72 and a two-hundred day moving average price of GBX 1,379.91. The stock has a market capitalization of £514.16 million, a PE ratio of -47.39, a PEG ratio of 1.85 and a beta of 0.35. The company has a debt-to-equity ratio of 47.69, a quick ratio of 0.85 and a current ratio of 2.27.

Avon Protection Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 6th were given a $0.16 dividend. This is a positive change from Avon Protection’s previous dividend of $0.07. This represents a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, February 6th. Avon Protection’s dividend payout ratio is presently -62.08%.

Insider Activity

In related news, insider Rich Cashin sold 7,827 shares of Avon Protection stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of GBX 1,421 ($18.33), for a total transaction of £111,221.67 ($143,474.81). Insiders have bought 30 shares of company stock worth $44,520 in the last three months. Company insiders own 5.10% of the company’s stock.

Avon Protection Company Profile

We are a world leader in protective equipment, with a reputation for innovative design, high-performance quality and specialist materials expertise.
Our two businesses, Avon Protection and Team Wendy, supply our respiratory and head protection portfolio to customers across the globe from our manufacturing sites in the UK and North America.
With over 900 talented people our shared purpose and core beliefs are to be #FIERCE about Protecting Lives.