Avation (LON:AVAP) Shares Up 14.5% – Here’s Why

Avation PLC (LON:AVAP)’s share price shot up 14.5% during trading on Wednesday . The company traded as high as GBX 166 ($2.17) and last traded at GBX 166 ($2.17). 2,554,145 shares were traded during mid-day trading, an increase of 1,902% from the average session volume of 127,568 shares. The stock had previously closed at GBX 145 ($1.89).

Analyst Ratings Changes

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

Avation Stock Performance

The firm has a fifty day moving average price of GBX 133.98 and a 200 day moving average price of GBX 129.56. The company has a debt-to-equity ratio of 263.30, a quick ratio of 1.33 and a current ratio of 1.39. The stock has a market cap of £117.66 million, a PE ratio of 790.48, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17.

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.