Avation (LON:AVAP) Shares Cross Above 200-Day Moving Average - What's Next?

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 - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 149.06 ($2.00) and traded as high as GBX 161 ($2.16). Avation shares last traded at GBX 161 ($2.16), with a volume of 31,270 shares changing hands.

Avation Stock Up 0.9%

The firm's 50-day moving average price is GBX 157.19 and its 200 day moving average price is GBX 149.39. The firm has a market capitalization of £134.32 million, a price-to-earnings ratio of 7.28, 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 current ratio of 1.39 and a quick ratio of 1.33.

Insider Activity at Avation

In other Avation news, insider Mark Stephen Shelton purchased 1,340 shares of the stock in a transaction dated Friday, July 4th. The shares were acquired at an average cost of GBX 148 ($1.99) per share, for a total transaction of £1,983.20 ($2,663.80). 19.30% of the stock is owned by corporate insiders.

About Avation

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