Avation (LON:AVAP) Stock Price Crosses Below 200-Day Moving Average - Should You Sell?

Avation PLC (LON:AVAP - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 147.75 ($1.87) and traded as low as GBX 139.50 ($1.77). Avation shares last traded at GBX 139.50 ($1.77), with a volume of 46,536 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.61) price target on shares of Avation in a research report on Tuesday, January 7th.

Avation Price Performance

The firm has a market capitalization of £119.68 million, a PE ratio of 6.49, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business has a 50-day moving average of GBX 146.96 and a 200 day moving average of GBX 147.88. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47.

Insider Buying and Selling at Avation

In other Avation news, insider Stephen Fisher acquired 115 shares of Avation stock in a transaction on Friday, December 6th. The stock was purchased at an average price of £156 ($197.67) per share, for a total transaction of £17,940 ($22,731.88). Corporate insiders own 19.30% of the company's stock.

Avation Company Profile

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