Avon Protection (LON:AVON) Shares Pass Above 200-Day Moving Average – Time to Sell?

Avon Protection plc (LON:AVON)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,303.51 ($15.95) and traded as high as GBX 1,522 ($18.62). Avon Protection shares last traded at GBX 1,522 ($18.62), with a volume of 2,437,318 shares changing hands.

Analyst Ratings Changes

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

Avon Protection Stock Performance

The company has a market capitalization of £459.60 million, a price-to-earnings ratio of -3,330.43, a P/E/G ratio of 1.85 and a beta of 0.35. The company has a debt-to-equity ratio of 61.54, a quick ratio of 0.85 and a current ratio of 2.47. The stock’s 50-day moving average price is GBX 1,398.93 and its 200-day moving average price is GBX 1,303.51.

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 given a dividend of $0.16 per share. This represents a yield of 0.97%. This is an increase from Avon Protection’s previous dividend of $0.07. The ex-dividend date is Thursday, February 6th. Avon Protection’s payout ratio is presently -3,913.04%.

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.