Avation (LON:AVAP) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Avation PLC (LON:AVAP) shares 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 trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price 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 data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 270.

Avation Stock Performance

The stock has a market capitalization of £86.65 million, a P/E ratio of -12.57, a P/E/G ratio of -0.15 and a beta of 1.17. The stock has a 50 day simple moving average of GBX 141.02 and a two-hundred day simple moving average of GBX 153.23. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.47.

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.