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

Shares of Avation PLC (LON:AVAP) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 151.77 and traded as low as GBX 142.50. Avation shares last traded at GBX 142.50, with a volume of 125,698 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on Avation from GBX 250 to GBX 270 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 270.

Avation Price Performance

The company’s 50-day moving average is GBX 140.26 and its 200-day moving average is GBX 151.77. The firm has a market capitalization of £87.57 million, a price-to-earnings ratio of -12.70, a PEG ratio of -0.15 and a beta of 1.17. The company has a debt-to-equity ratio of 263.47, a current ratio of 1.39 and a quick ratio of 1.33.

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.