Avation (LON:AVAP) Stock Crosses Above 200-Day Moving Average on Analyst Downgrade

Avation PLC (LON:AVAP - Get Free Report) crossed above its 200-day moving average during trading on Friday after raised their price target on the stock from GBX 316 to GBX 335. The stock has a 200-day moving average of GBX 127.41 ($1.71) and traded as high as GBX 136.50 ($1.83). currently has a buy rating on the stock. Avation shares last traded at GBX 135 ($1.81), with a volume of 360,419 shares traded.

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Avation Trading Down 0.9 %

The company has a debt-to-equity ratio of 322.27, a quick ratio of 1.33 and a current ratio of 1.62. The firm has a 50-day moving average of GBX 131.24 and a 200-day moving average of GBX 127.41. The firm has a market capitalization of £95.69 million, a P/E ratio of -2,250.00, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17.

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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