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

Shares of Avation PLC (LON:AVAP - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 146.58 ($1.80) and traded as low as GBX 140.50 ($1.73). Avation shares last traded at GBX 145 ($1.78), with a volume of 195,066 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 285 ($3.50) price target on shares of Avation in a report on Tuesday, January 7th.

Avation Stock Up 0.3 %

The firm's 50-day moving average is GBX 151.84 and its 200 day moving average is GBX 146.91. The firm has a market capitalization of £101.71 million, a P/E ratio of 683.33, a PEG ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.30, a quick ratio of 1.33 and a current ratio of 1.39.

Avation Increases Dividend

The company also recently declared 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 represents a dividend yield of 0.29%. This is a positive change from Avation's previous dividend of $0.02. The ex-dividend date was Thursday, November 28th. Avation's payout ratio is 3,809.52%.

Insider Buying and Selling

In related news, insider Stephen Fisher bought 115 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of £156 ($191.67) per share, with a total value of £17,940 ($22,042.02). 19.30% of the stock is owned by corporate insiders.

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.