Avation (LON:AVAP) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Avation PLC (LON:AVAP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 145.10 ($1.80) and traded as high as GBX 153 ($1.90). Avation shares last traded at GBX 149 ($1.85), with a volume of 518,284 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on Avation from GBX 280 ($3.48) to GBX 255 ($3.17) and set a “buy” rating for the company in a research report on Thursday, September 26th.

Avation Stock Performance

The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. The firm has a market cap of £105.61 million, a P/E ratio of 709.52, a PEG ratio of -0.15 and a beta of 1.17. The stock’s 50 day moving average is GBX 162 and its two-hundred day moving average is GBX 145.17.

Avation Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, November 28th were given a GBX 0.50 ($0.01) dividend. This represents a yield of 0.29%. This is a boost from Avation’s previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, November 28th. Avation’s dividend payout ratio is 3,809.52%.

Insiders Place Their Bets

In other Avation news, insider Stephen Fisher purchased 115 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of £156 ($193.79) per share, with a total value of £17,940 ($22,285.71). Corporate insiders own 19.30% of the company’s stock.

About Avation

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.