Avation (LON:AVAP) Trading 14.5% Higher – Time to Buy?

Avation PLC (LON:AVAP)’s share price was up 14.5% during mid-day trading on Wednesday . The company traded as high as GBX 166 ($2.17) and last traded at GBX 166 ($2.17). Approximately 2,554,145 shares changed hands during mid-day trading, an increase of 1,902% from the average daily volume of 127,568 shares. The stock had previously closed at GBX 145 ($1.89).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of Avation from GBX 280 ($3.66) to GBX 255 ($3.33) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

Avation Stock Performance

The stock has a market capitalization of £119.08 million, a price-to-earnings ratio of 800.00, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.30. The stock’s 50 day moving average is GBX 135.38 and its two-hundred day moving average is GBX 130.07.

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.