Avon Protection (LON:AVON) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Avon Protection plc (LON:AVON - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,320.78 ($16.38) and traded as high as GBX 1,520 ($18.86). Avon Protection shares last traded at GBX 1,470 ($18.24), with a volume of 25,918 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "hold" rating on shares of Avon Protection in a report on Tuesday, November 19th.

Avon Protection Stock Down 1.4 %

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 fifty day simple moving average is GBX 1,456.27 and its two-hundred day simple moving average is GBX 1,326.02. The stock has a market capitalization of £433.80 million, a P/E ratio of -3,143.48, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35.

Avon Protection Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be issued a $0.16 dividend. 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 dividend 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.