Avation (LON:AVAP) Stock Price Passes Above 200-Day Moving Average of $115.07

Avation PLC (LON:AVAPGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 115.07 ($1.44) and traded as high as GBX 119 ($1.49). Avation shares last traded at GBX 118 ($1.48), with a volume of 43,274 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 240 ($3.01) price objective on shares of Avation in a report on Thursday, November 23rd.

Check Out Our Latest Analysis on AVAP

Avation Trading Down 0.6 %

The company has a debt-to-equity ratio of 313.14, a quick ratio of 1.33 and a current ratio of 1.23. The company has a market capitalization of £83.11 million, a PE ratio of 843.00, a P/E/G ratio of -0.15 and a beta of 1.07. The business has a fifty day moving average price of GBX 122.56 and a 200 day moving average price of GBX 115.07.

About Avation

(Get Free Report)

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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