Avon Protection (LON:AVON) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Avon Protection plc (LON:AVON)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,355.98 ($16.96) and traded as high as GBX 1,502 ($18.79). Avon Protection shares last traded at GBX 1,490 ($18.64), with a volume of 57,932 shares changing hands.

Wall Street Analysts Forecast Growth

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

Avon Protection Stock Performance

The business has a fifty day moving average price of GBX 1,360.82 and a 200-day moving average price of GBX 1,294.19. The stock has a market capitalization of £444.60 million, a P/E ratio of -3,221.74, a P/E/G ratio of 1.85 and a beta of 0.35. The company has a quick ratio of 0.85, a current ratio of 2.47 and a debt-to-equity ratio of 61.54.

Avon Protection Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, February 6th. This represents a yield of 0.97%. This is a boost from Avon Protection’s previous dividend of $0.07. Avon Protection’s dividend payout ratio is currently -3,913.04%.

About Avon Protection

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.