Shares of Avation PLC (LON:AVAP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 145.10 ($1.80) and traded as high as GBX 153 ($1.90). Avation shares last traded at GBX 149 ($1.85), with a volume of 518,284 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reduced their target price on Avation from GBX 280 ($3.48) to GBX 255 ($3.17) and set a "buy" rating on the stock in a research report on Thursday, September 26th.
Get Our Latest Analysis on Avation
Avation Price Performance
The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.30. The company has a market cap of £105.61 million, a price-to-earnings ratio of 709.52, a PEG ratio of -0.15 and a beta of 1.17. The stock's 50-day simple moving average is GBX 162 and its 200 day simple moving average is GBX 145.17.
Avation Increases Dividend
The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, November 28th were issued a GBX 0.50 ($0.01) dividend. This is a positive change from Avation's previous dividend of $0.02. This represents a dividend yield of 0.29%. The ex-dividend date was Thursday, November 28th. Avation's dividend payout ratio is currently 3,809.52%.
Insider Activity at Avation
In other Avation news, insider Stephen Fisher purchased 115 shares of the business's stock in a transaction on Friday, December 6th. The shares were bought at an average cost of £156 ($193.79) per share, for a total transaction of £17,940 ($22,285.71). 19.30% of the stock is owned by insiders.
About Avation
(
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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.
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