Avation (LON:AVAP) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Avation PLC's shares recently surpassed their 200-day moving average during trading, reaching a high of GBX 161 ($2.17).
• The company has a market cap of £134.74 million and key financial metrics include a P/E ratio of 7.31 and a debt-to-equity ratio of 263.47.
• Insider Mark Stephen Shelton purchased 1,340 shares at an average price of GBX 148 ($1.99), indicating confidence in the company among corporate insiders.

Shares of Avation PLC (LON:AVAP - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 149.06 ($2.00) and traded as high as GBX 161 ($2.17). Avation shares last traded at GBX 161 ($2.17), with a volume of 31,270 shares changing hands.

Avation Trading Up 0.3%

The stock has a market cap of £134.74 million, a P/E ratio of 7.31, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. 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 fifty day simple moving average is GBX 156.66 and its 200-day simple moving average is GBX 149.06.

Insiders Place Their Bets

In other news, insider Mark Stephen Shelton purchased 1,340 shares of the business's stock in a transaction on Friday, July 4th. The shares were acquired at an average price of GBX 148 ($1.99) per share, with a total value of £1,983.20 ($2,667.03). 19.30% of the stock is owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.