Avation (LON:AVAP) Shares Pass Below 200-Day Moving Average of $285.13

Avation PLC (LON:AVAP)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $285.13 and traded as low as $272.00. Avation shares last traded at $275.00, with a volume of 541,980 shares.

Separately, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 350 ($4.57) target price on shares of Avation in a report on Thursday, September 5th.

The stock’s 50-day simple moving average is GBX 282.35 and its 200 day simple moving average is GBX 284.95. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 452.10. The company has a market cap of $174.67 million and a price-to-earnings ratio of 6.90.

The firm also recently declared a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, October 3rd were given a dividend of $0.09 per share. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, October 3rd. This is a boost from Avation’s previous dividend of $0.02. Avation’s dividend payout ratio is currently 0.35%.

Avation Company Profile (LON:AVAP)

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. As of June 30, 2018, the company managed a fleet of 38 aircraft. It is also involved in the financing business. The company was founded in 2006 and is headquartered in Singapore.

Further Reading: Market Capitalization – What it Means for Investors

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