Avation (LON:AVAP) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Avation PLC (LON:AVAP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 146.58 ($1.82) and traded as low as GBX 140.50 ($1.74). Avation shares last traded at GBX 145 ($1.80), with a volume of 195,066 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 285 ($3.54) price target on shares of Avation in a research note on Tuesday, January 7th.

Avation Stock Up 1.8 %

The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The business has a 50-day simple moving average of GBX 152.85 and a two-hundred day simple moving average of GBX 146.58. The stock has a market capitalization of £102.78 million, a P/E ratio of 690.48, a PEG ratio of -0.15 and a beta of 1.17.

Avation Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, November 28th were issued a GBX 0.50 ($0.01) dividend. This is a positive change from Avation’s previous dividend of $0.02. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 0.29%. Avation’s dividend payout ratio is presently 3,809.52%.

Insider Activity at Avation

In other Avation news, insider Stephen Fisher bought 115 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were bought at an average price of £156 ($193.74) per share, for a total transaction of £17,940 ($22,280.18). 19.30% of the stock is currently owned by insiders.

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.