Avation (LON:AVAP) Share Price Passes Below 200 Day Moving Average – Here’s Why

Avation PLC (LON:AVAP) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 147.75 ($1.86) and traded as low as GBX 139.50 ($1.76). Avation shares last traded at GBX 139.50 ($1.76), with a volume of 46,536 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 285 ($3.59) price target on shares of Avation in a research report on Tuesday, January 7th.

Avation Stock Performance

The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39. The company has a market capitalization of £118.84 million, a P/E ratio of 6.44, a P/E/G ratio of -0.15 and a beta of 1.17. The business’s fifty day simple moving average is GBX 147.26 and its 200-day simple moving average is GBX 147.92.

Insider Buying and Selling at Avation

In other news, insider Stephen Fisher bought 115 shares of Avation stock in a transaction on Friday, December 6th. The shares were bought at an average cost of £156 ($196.30) per share, for a total transaction of £17,940 ($22,574.56). 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.