Avon Protection (LON:AVON) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Avon Protection plc (LON:AVON) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,329.81 ($16.55) and traded as high as GBX 1,478 ($18.40). Avon Protection shares last traded at GBX 1,454 ($18.10), with a volume of 26,095 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 Price Performance

The stock’s fifty day moving average price is GBX 1,458.79 and its 200-day moving average price is GBX 1,329.81. The firm has a market cap of £420.60 million, a PE ratio of -3,047.83, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. The company has a debt-to-equity ratio of 61.54, a current ratio of 2.47 and a quick ratio of 0.85.

Avon Protection Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be paid a dividend of $0.16 per share. This represents a yield of 0.97%. The ex-dividend date is Thursday, February 6th. 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.