Avation (LON:AVAP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Avation PLC (LON:AVAP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 147.75 ($1.86) and traded as low as GBX 139.50 ($1.76). Avation shares last traded at GBX 139.50 ($1.76), with a volume of 46,536 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 285 ($3.59) target price on shares of Avation in a research report on Tuesday, January 7th.

Avation Stock Down 2.1 %

The firm has a market capitalization of £118.84 million, a price-to-earnings ratio of 6.44, a P/E/G ratio of -0.15 and a beta of 1.17. The stock has a fifty day moving average of GBX 147.26 and a two-hundred day moving average of GBX 147.92. The company has a debt-to-equity ratio of 263.47, a current ratio of 1.39 and a quick ratio of 1.33.

Insider Activity

In related news, insider Stephen Fisher purchased 115 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average price of £156 ($196.30) per share, with a total value of £17,940 ($22,574.56). 19.30% of the stock is currently owned by company insiders.

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.