Avon Protection (LON:AVON) Shares Cross Below 200-Day Moving Average – Here’s Why

Avon Protection plc (LON:AVON)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,388.13 ($18.37) and traded as low as GBX 1,324 ($17.52). Avon Protection shares last traded at GBX 1,390 ($18.40), with a volume of 50,975 shares.

Wall Street Analyst Weigh In

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

Avon Protection Stock Performance

The company has a debt-to-equity ratio of 47.69, a quick ratio of 0.85 and a current ratio of 2.27. The firm has a market capitalization of £520.15 million, a PE ratio of -47.94, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The firm’s 50 day moving average price is GBX 1,428.12 and its 200-day moving average price is GBX 1,388.13.

Avon Protection Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were given a dividend of $0.16 per share. This is a positive change from Avon Protection’s previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, February 6th. This represents a dividend yield of 0.97%. Avon Protection’s dividend payout ratio (DPR) is -62.08%.

Insider Buying and Selling at Avon Protection

In other Avon Protection news, insider Rich Cashin sold 7,827 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 1,421 ($18.81), for a total transaction of £111,221.67 ($147,196.49). Insiders have purchased a total of 31 shares of company stock valued at $44,522 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

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.