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Avation (LON:AVAP) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Avation logo with Industrials background

Avation PLC (LON:AVAP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 129.56 ($1.69) and traded as high as GBX 145 ($1.89). Avation shares last traded at GBX 145 ($1.89), with a volume of 106,663 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on Avation from GBX 280 ($3.66) to GBX 255 ($3.33) and set a "buy" rating on the stock in a research report on Thursday, September 26th.

Read Our Latest Stock Report on AVAP

Avation Price Performance

The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.30. The company has a market capitalization of £117.66 million, a PE ratio of 790.48, a PEG ratio of -0.15 and a beta of 1.17. The company's 50 day moving average price is GBX 133.98 and its 200-day moving average price is GBX 129.56.

Avation Company Profile

(Get Free Report)

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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