Avation (LON:AVAP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Avation PLC (LON:AVAP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 154.20 ($2.05) and traded as high as GBX 161 ($2.14). Avation shares last traded at GBX 161 ($2.14), with a volume of 99,233 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price target on shares of Avation from GBX 275 to GBX 250 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 250.

Avation Price Performance

The company has a debt-to-equity ratio of 263.47, a current ratio of 1.39 and a quick ratio of 1.33. The stock has a market capitalization of £105.72 million, a price-to-earnings ratio of -1,418.54, a PEG ratio of -0.15 and a beta of 1.17. The stock’s 50 day simple moving average is GBX 160.99 and its 200-day simple moving average is GBX 154.20.

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.