Avation (LON:AVAP) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Avation PLC (LON:AVAP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 144.08 ($1.83) and traded as high as GBX 160 ($2.03). Avation shares last traded at GBX 158 ($2.00), with a volume of 62,454 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on shares of Avation from GBX 280 ($3.55) to GBX 255 ($3.24) and set a “buy” rating on the stock in a research note on Thursday, September 26th.

Avation Stock Performance

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 cap of £111.99 million, a P/E ratio of 752.38, a P/E/G ratio of -0.15 and a beta of 1.17. The firm has a 50 day moving average price of GBX 163.36 and a 200-day moving average price of GBX 144.08.

Avation Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, November 28th will be given a dividend of GBX 0.50 ($0.01) per share. The ex-dividend date is Thursday, November 28th. This represents a yield of 0.29%. This is a boost from Avation’s previous dividend of $0.02. Avation’s dividend payout ratio is presently 3,809.52%.

Insider Activity

In other Avation news, insider Stephen Fisher bought 115 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average price of £156 ($197.92) per share, for a total transaction of £17,940 ($22,760.72). Insiders own 19.30% of the company’s stock.

About Avation

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.