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Avation (LON:AVAP) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Avation logo with Industrials background

Key Points

  • Avation PLC's stock price recently surpassed its 200-day moving average of GBX 149.77, closing at GBX 158.50, indicating positive trading momentum.
  • The company has a current market capitalization of £132.65 million and a low price-to-earnings ratio of 7.19, suggesting potential undervaluation.
  • Insider Mark Stephen Shelton recently purchased 1,340 shares at an average price of GBX 148, reflecting confidence among company insiders in its prospects.
  • Need better tools to track Avation? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Avation PLC (LON:AVAP - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 149.77 ($2.02) and traded as high as GBX 159.50 ($2.15). Avation shares last traded at GBX 158.50 ($2.13), with a volume of 13,156 shares trading hands.

Avation Stock Performance

The company has a debt-to-equity ratio of 263.47, a quick ratio of 1.33 and a current ratio of 1.39. The firm's 50 day moving average is GBX 159.01 and its 200-day moving average is GBX 150.07. The stock has a market capitalization of £132.23 million, a price-to-earnings ratio of 7.17, a PEG ratio of -0.15 and a beta of 1.17.

Insider Activity

In other Avation news, insider Mark Stephen Shelton bought 1,340 shares of the company's stock in a transaction dated Friday, July 4th. The stock was acquired at an average price of GBX 148 per share, with a total value of £1,983.20. 19.30% of the stock is owned by insiders.

Avation Company Profile

(Get Free Report)

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

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