Avation (LON:AVAP) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Avation PLC (LON:AVAP)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 129.56 ($1.69) and traded as high as GBX 145 ($1.89). Avation shares last traded at GBX 145 ($1.89), with a volume of 106,663 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price target on shares of Avation from GBX 280 ($3.66) to GBX 255 ($3.33) and set a “buy” rating for the company in a research note on Thursday, September 26th.

Avation Stock Up 1.4 %

The company’s 50-day moving average is GBX 133.98 and its 200 day moving average is GBX 129.56. The company has a debt-to-equity ratio of 263.30, a quick ratio of 1.33 and a current ratio of 1.39. The company has a market capitalization of £104.19 million, a PE ratio of 690.48, a P/E/G ratio of -0.15 and a beta of 1.17.

Avation Company Profile

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.