Avation (LON:AVAP) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Avation PLC (LON:AVAP) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 153.23 and traded as low as GBX 138.50. Avation shares last traded at GBX 141, with a volume of 165,040 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on shares of Avation from GBX 250 to GBX 270 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 270.

Avation Stock Performance

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 firm has a 50 day moving average price of GBX 141.02 and a two-hundred day moving average price of GBX 153.22. The company has a market capitalization of £86.65 million, a P/E ratio of -12.57, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17.

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.