Avation (LON:AVAP) Share Price Crosses Below 200 Day Moving Average of $118.98

Avation PLC (LON:AVAP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 118.98 ($1.47) and traded as low as GBX 106 ($1.31). Avation shares last traded at GBX 108 ($1.33), with a volume of 201,342 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of Avation from GBX 240 ($2.96) to GBX 230 ($2.84) and set a “buy” rating for the company in a research note on Friday, March 1st.

Avation Stock Performance

The company’s 50 day moving average price is GBX 113.32 and its 200-day moving average price is GBX 118.94. The company has a debt-to-equity ratio of 322.27, a quick ratio of 1.33 and a current ratio of 1.62. The company has a market cap of £77.91 million, a PE ratio of -1,833.33, a price-to-earnings-growth ratio of -0.15 and a beta of 1.08.

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.