Avation (LON:AVAP) Shares Cross Below Two Hundred Day Moving Average of $118.98

Avation PLC (LON:AVAP)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 118.98 ($1.47) and traded as low as GBX 106 ($1.31). Avation shares last traded at GBX 108 ($1.33), with a volume of 201,342 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price objective on shares of Avation from GBX 240 ($2.96) to GBX 230 ($2.84) and set a “buy” rating on the stock in a report on Friday, March 1st.

Avation Trading Up 1.9 %

The company has a current ratio of 1.62, a quick ratio of 1.33 and a debt-to-equity ratio of 322.27. The business has a 50 day simple moving average of GBX 113.58 and a two-hundred day simple moving average of GBX 118.98. The stock has a market cap of £76.50 million, a price-to-earnings ratio of -1,800.00, a price-to-earnings-growth ratio of -0.15 and a beta of 1.08.

About Avation

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.