Avon Rubber (LON:AVON) Stock Passes Above 50-Day Moving Average of $1,656.85

Avon Rubber plc (LON:AVON)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1,656.85 and traded as high as $1,790.40. Avon Rubber shares last traded at $1,756.00, with a volume of 33,445 shares.

AVON has been the subject of several research reports. Berenberg Bank boosted their price objective on Avon Rubber from GBX 1,625 ($21.23) to GBX 1,800 ($23.52) and gave the stock a “buy” rating in a research note on Friday, August 16th. Peel Hunt reiterated a “buy” rating and set a GBX 1,850 ($24.17) price objective (up from GBX 1,800 ($23.52)) on shares of Avon Rubber in a research note on Monday, September 16th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,850 ($24.17) price target on shares of Avon Rubber in a research report on Monday, September 16th.

The company has a quick ratio of 1.79, a current ratio of 2.49 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of GBX 1,690.83 and a 200-day moving average price of GBX 1,431.73. The firm has a market capitalization of $531.11 million and a PE ratio of 37.54.

About Avon Rubber (LON:AVON)

Avon Rubber p.l.c. designs, manufactures, and sells chemical, biological, radiological, and nuclear respiratory protection systems for military, law enforcement, and fire markets worldwide. It operates in two segments, Avon Protection and milkrite | InterPuls. The company offers masks and filters with portfolio of respirators, filters, powered, and supplied air and long term pedigree for military contracting and supplying chain; escape hoods; underwater rebreathers; and thermal image camera technology and self-contained breathing apparatus, as well as accessories.

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