Avation (LON:AVAP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Avation PLC (LON:AVAP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 151.77 and traded as low as GBX 142.50. Avation shares last traded at GBX 142.50, with a volume of 125,698 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on Avation from GBX 250 to GBX 270 and gave the company a “buy” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Avation currently has a consensus rating of “Buy” and a consensus target price of GBX 270.

Avation Price Performance

The company’s 50 day moving average price is GBX 140.26 and its 200 day moving average price is GBX 151.77. The company has a market cap of £87.57 million, a price-to-earnings ratio of -12.70, a PEG ratio of -0.15 and a beta of 1.17. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47.

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.