Avon Protection (LON:AVON) Shares Pass 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 1,336.03 ($16.88) and traded as high as GBX 1,498 ($18.93). Avon Protection shares last traded at GBX 1,462 ($18.47), with a volume of 108,348 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “hold” rating on shares of Avon Protection in a research report on Tuesday, November 19th.

Avon Protection Trading Down 0.5 %

The business has a 50 day simple moving average of GBX 1,470.25 and a two-hundred day simple moving average of GBX 1,338.65. The company has a current ratio of 2.27, a quick ratio of 0.85 and a debt-to-equity ratio of 47.69. The stock has a market cap of £544.10 million, a price-to-earnings ratio of -50.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35.

Avon Protection Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.16 per share. This represents a yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Avon Protection’s previous dividend of $0.07. Avon Protection’s dividend payout ratio (DPR) is currently -62.08%.

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.