Avation (LON:AVAP) Share Price Crosses Below 200 Day Moving Average of $118.98

Avation PLC (LON:AVAP)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 118.98 ($1.47) and traded as low as GBX 106 ($1.31). Avation shares last traded at GBX 108 ($1.33), with a volume of 201,342 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on shares of Avation from GBX 240 ($2.96) to GBX 230 ($2.84) and set a “buy” rating for the company in a research report on Friday, March 1st.

Avation Stock Performance

The firm has a market capitalization of £77.91 million, a price-to-earnings ratio of -1,833.33, a P/E/G ratio of -0.15 and a beta of 1.08. The company has a debt-to-equity ratio of 322.27, a current ratio of 1.62 and a quick ratio of 1.33. The firm’s 50-day simple moving average is GBX 113.32 and its 200 day simple moving average is GBX 118.94.

Avation Company Profile

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.