Avation (LON:AVAP) Share Price Passes Above 200-Day Moving Average After Analyst Downgrade

Avation PLC (LON:AVAPGet Free Report) passed above its 200-day moving average during trading on Friday after raised their price target on the stock from GBX 316 to GBX 335. The stock has a 200-day moving average of GBX 127.41 ($1.71) and traded as high as GBX 136.50 ($1.83). currently has a buy rating on the stock. Avation shares last traded at GBX 135 ($1.81), with a volume of 360,419 shares traded.

Avation Stock Down 0.9 %

The company’s fifty day simple moving average is GBX 131.24 and its 200 day simple moving average is GBX 127.41. The company has a quick ratio of 1.33, a current ratio of 1.62 and a debt-to-equity ratio of 322.27. The firm has a market capitalization of £95.69 million, a PE ratio of -2,250.00, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17.

Avation Company Profile

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Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.

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