Avon Protection (LON:AVON) Share Price Passes Below 200-Day Moving Average - Here's Why

Avon Protection plc (LON:AVON - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,388.13 ($18.42) and traded as low as GBX 1,324 ($17.57). Avon Protection shares last traded at GBX 1,390 ($18.44), with a volume of 50,975 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "hold" rating on shares of Avon Protection in a report on Thursday, March 27th.

Avon Protection Price Performance

The company has a current ratio of 2.27, a quick ratio of 0.85 and a debt-to-equity ratio of 47.69. The business has a 50-day moving average of GBX 1,425.92 and a 200 day moving average of GBX 1,390.27. The firm has a market capitalization of £523.89 million, a PE ratio of -48.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35.

Avon Protection Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were issued a $0.16 dividend. The ex-dividend date was Thursday, February 6th. This represents a dividend yield of 0.97%. This is an increase from Avon Protection's previous dividend of $0.07. Avon Protection's dividend payout ratio is currently -62.08%.

Insider Buying and Selling

In related news, insider Rich Cashin sold 7,827 shares of Avon Protection stock in a transaction on Monday, March 10th. The stock was sold at an average price of GBX 1,421 ($18.85), for a total transaction of £111,221.67 ($147,567.56). Over the last ninety days, insiders have bought 31 shares of company stock worth $44,522. 5.10% of the stock is owned by insiders.

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.