Avation (LON:AVAP) Shares Cross Below 200-Day Moving Average – Here’s Why

Avation PLC (LON:AVAP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 154.63 and traded as low as GBX 137.30. Avation shares last traded at GBX 138, with a volume of 74,363 shares changing hands.

Analyst Ratings Changes

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

Avation Price Performance

The stock has a market capitalization of £84.19 million, a P/E ratio of -12.21, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business has a fifty day simple moving average of GBX 145.35 and a 200 day simple moving average of GBX 154.63. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47.

Avation Company Profile

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