Avation (LON:AVAP) Stock Crosses Above 200-Day Moving Average of $118.95

Avation PLC (LON:AVAPGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 118.95 ($1.49) and traded as high as GBX 125 ($1.57). Avation shares last traded at GBX 124.75 ($1.57), with a volume of 68,647 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on shares of Avation from GBX 240 ($3.01) to GBX 230 ($2.89) and set a “buy” rating on the stock in a research report on Friday, March 1st.

Check Out Our Latest Stock Report on AVAP

Avation Trading Up 11.4 %

The firm has a market capitalization of £98.44 million, a PE ratio of -2,316.67, a price-to-earnings-growth ratio of -0.15 and a beta of 1.07. The stock’s 50-day moving average price is GBX 115.26 and its 200 day moving average price is GBX 119.09. The company has a debt-to-equity ratio of 322.27, a current ratio of 1.62 and a quick ratio of 1.33.

Avation Company Profile

(Get Free Report)

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.

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