Avation (LON:AVAP) Share Price Passes Above 200 Day Moving Average – Here’s Why

Avation PLC (LON:AVAP) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 151.69 ($2.01) and traded as high as GBX 152.50 ($2.02). Avation shares last traded at GBX 148.50 ($1.97), with a volume of 67,158 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.78) price objective on shares of Avation in a research report on Tuesday, February 25th.

Avation Stock Up 1.0 %

The company has a debt-to-equity ratio of 263.47, a current ratio of 1.39 and a quick ratio of 1.33. The company has a market capitalization 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 firm has a 50-day moving average price of GBX 144.56 and a two-hundred day moving average price of GBX 151.69.

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.