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

Avation PLC (LON:AVAP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 149.07 and traded as low as GBX 139.75. Avation shares last traded at GBX 141, with a volume of 402,361 shares.

Wall Street Analyst Weigh In

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 report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Avation currently has an average rating of “Buy” and a consensus target price of GBX 270.

Avation Price Performance

The company has a 50-day moving average of GBX 140.06 and a 200 day moving average of GBX 149.07. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.47. The stock has a market capitalization of £87.91 million, a PE ratio of -12.57, a PEG 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.