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

Posted by MarketBeat News on Dec 25th, 2024

Shares of Avation PLC (LON:AVAP – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 144.48 ($1.81) and traded as high as GBX 154 ($1.93). Avation shares last traded at GBX 154 ($1.93), with a volume of 57,119 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on shares of Avation from GBX 280 ($3.51) to GBX 255 ($3.20) and set a “buy” rating for the company in a research note on Thursday, September 26th.

View Our Latest Analysis on Avation

Avation Price Performance

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The firm has a market capitalization of £109.16 million, a P/E ratio of 733.33, a P/E/G ratio of -0.15 and a beta of 1.17. The stock’s 50 day simple moving average is GBX 164.56 and its 200 day simple moving average is GBX 144.48. The company has a debt-to-equity ratio of 263.30, a quick ratio of 1.33 and a current ratio of 1.39.

Avation Increases Dividend

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

Insider Activity

In related news, insider Stephen Fisher acquired 115 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of £156 ($195.56) per share, with a total value of £17,940 ($22,489.66). Insiders own 19.30% of the company’s stock.

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.