Avon Protection (LON:AVON) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Avon Protection plc (LON:AVON) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,336.03 ($16.93) and traded as high as GBX 1,498 ($18.98). Avon Protection shares last traded at GBX 1,462 ($18.53), with a volume of 108,348 shares changing hands.

Analyst Ratings Changes

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

Avon Protection Stock Performance

The firm has a market cap of £556.07 million, a price-to-earnings ratio of -51.25, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The stock’s 50 day moving average is GBX 1,467.09 and its 200 day moving average is GBX 1,336.03. The company has a current ratio of 2.27, a quick ratio of 0.85 and a debt-to-equity ratio of 47.69.

Avon Protection Increases Dividend

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