Avation (LON:AVAP) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Avation PLC (LON:AVAP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 145.10 ($1.80) and traded as high as GBX 153 ($1.90). Avation shares last traded at GBX 149 ($1.85), with a volume of 518,284 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price target on Avation from GBX 280 ($3.48) to GBX 255 ($3.17) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Avation Stock Down 0.7 %

The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The business has a 50-day simple moving average of GBX 162 and a 200-day simple moving average of GBX 145.17. The stock has a market cap of £105.61 million, a P/E ratio of 709.52, a PEG ratio of -0.15 and a beta of 1.17.

Avation Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, November 28th were issued a dividend of GBX 0.50 ($0.01) per share. This is an increase from Avation’s previous dividend of $0.02. This represents a dividend yield of 0.29%. The ex-dividend date was Thursday, November 28th. Avation’s dividend payout ratio is currently 3,809.52%.

Insider Activity at Avation

In other Avation news, insider Stephen Fisher purchased 115 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of £156 ($193.79) per share, for a total transaction of £17,940 ($22,285.71). 19.30% of the stock is currently owned by company insiders.

About Avation

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.