Avation (LON:AVAP) Shares Cross Above 200-Day Moving Average of $118.94

Avation PLC (LON:AVAP) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 118.94 ($1.49) and traded as high as GBX 122 ($1.53). Avation shares last traded at GBX 121 ($1.52), with a volume of 76,672 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on Avation from GBX 240 ($3.02) to GBX 230 ($2.89) and set a “buy” rating on the stock in a research report on Friday, March 1st.

Avation Price Performance

The company has a fifty day moving average price of GBX 113.79 and a two-hundred day moving average price of GBX 118.94. The firm has a market capitalization of £86.68 million, a price-to-earnings ratio of -2,016.67, a P/E/G ratio of -0.15 and a beta of 1.07. The company has a quick ratio of 1.33, a current ratio of 1.62 and a debt-to-equity ratio of 322.27.

Avation Company Profile

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.