Avation (LON:AVAP) Stock Price Up 10.1% - Here's What Happened

Avation PLC (LON:AVAP - Get Free Report) shares traded up 10.1% during trading on Friday . The stock traded as high as GBX 153 ($1.94) and last traded at GBX 152 ($1.93). 1,185,050 shares traded hands during trading, an increase of 317% from the average session volume of 284,250 shares. The stock had previously closed at GBX 138 ($1.75).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 285 ($3.62) price objective on shares of Avation in a research report on Tuesday, February 25th.

Avation Stock Performance

The stock's 50-day moving average is GBX 145.47 and its 200 day moving average is GBX 148.94. The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39. The firm has a market cap of £125.95 million, a P/E ratio of 6.83, a PEG ratio of -0.15 and a beta of 1.17.

Insider Activity at Avation

In other Avation news, insider Stephen Fisher purchased 115 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was bought at an average cost of £156 ($198.25) per share, with a total value of £17,940 ($22,798.32). 19.30% of the stock is owned by 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.