Avon Protection (LON:AVON) Receives Hold Rating from Shore Capital

Shore Capital reaffirmed their hold rating on shares of Avon Protection (LON:AVON - Free Report) in a report published on Thursday morning, MarketBeat Ratings reports.

Avon Protection Stock Down 2.6 %

AVON stock traded down GBX 38 ($0.49) during trading on Thursday, reaching GBX 1,444 ($18.67). 42,843 shares of the company traded hands, compared to its average volume of 129,620. The business has a 50 day simple moving average of GBX 1,456.28 and a 200 day simple moving average of GBX 1,372.96. Avon Protection has a 12 month low of GBX 1,040 ($13.45) and a 12 month high of GBX 1,558 ($20.14). The company has a debt-to-equity ratio of 47.69, a quick ratio of 0.85 and a current ratio of 2.27. The company has a market capitalization of £540.35 million, a price-to-earnings ratio of -49.80, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35.

Avon Protection Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 6th were paid a dividend of $0.16 per share. This represents a dividend yield of 0.97%. The ex-dividend date was Thursday, February 6th. This is a positive change from Avon Protection's previous dividend of $0.07. Avon Protection's payout ratio is -62.08%.

Insider Activity at Avon Protection

In other Avon Protection news, insider Rich Cashin sold 7,827 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of GBX 1,421 ($18.37), for a total value of £111,221.67 ($143,808.73). Insiders bought 30 shares of company stock valued at $44,520 over the last 90 days. Insiders own 5.10% of the company's stock.

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.