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

Shares of Avation PLC (LON:AVAP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 150.34 ($1.94) and traded as high as GBX 151.50 ($1.96). Avation shares last traded at GBX 151 ($1.95), with a volume of 39,857 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 285 ($3.68) target price on shares of Avation in a research report on Tuesday, February 25th.

Avation Trading Down 1.7 %

The firm has a market cap of £124.28 million, a price-to-earnings ratio of 6.74, a PEG ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39. The business has a fifty day moving average of GBX 144.65 and a two-hundred day moving average of GBX 150.46.

About Avation

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.