Avation (LON:AVAP) Stock Crosses Below 200-Day Moving Average – Here’s Why

Avation PLC (LON:AVAP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 155.77 ($2.08) and traded as low as GBX 151.63 ($2.02). Avation shares last traded at GBX 154.14 ($2.06), with a volume of 201,677 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price target on Avation from GBX 275 to GBX 250 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 250.

Avation Stock Up 0.4%

The company has a market cap of £102.38 million, a PE ratio of -13.74, a P/E/G ratio of -0.15 and a beta of 1.17. The business has a 50-day simple moving average of GBX 160.82 and a 200-day simple moving average of GBX 155.77. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.47.

About Avation

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.