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

Avation PLC (LON:AVAP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 154.07 and traded as low as GBX 137. Avation shares last traded at GBX 137, with a volume of 157,154 shares traded.

Analyst Ratings Changes

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

Avation Stock Performance

The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.47. The stock has a market capitalization of £86.04 million, a P/E ratio of -12.48, a P/E/G ratio of -0.15 and a beta of 1.17. The business has a fifty day moving average price of GBX 142.34 and a 200-day moving average price of GBX 153.95.

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.