Avation (LON:AVAP) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Avation PLC (LON:AVAP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 154.63 and traded as low as GBX 137.30. Avation shares last traded at GBX 138, with a volume of 74,363 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their target price on shares of Avation from GBX 250 to GBX 270 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Avation currently has a consensus rating of “Buy” and an average target price of GBX 270.

Avation Stock Performance

The stock’s 50-day moving average price is GBX 144.85 and its 200 day moving average price is GBX 154.52. The company has a debt-to-equity ratio of 263.47, a current ratio of 1.39 and a quick ratio of 1.33. The firm has a market cap of £85.12 million, a P/E ratio of -12.34, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17.

Avation Company Profile

Avation PLC is a specialist commercial passenger aircraft leasing company owning a fleet of commercial aircraft which it leases to airlines across the world.