Avation (LON:AVAP) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Avation PLC shares have surpassed their 200-day moving average, trading as high as GBX 163.50 ($2.17) recently.
• The company has a market cap of £134.62 million and a price-to-earnings ratio of 7.30.
• Insider Mark Stephen Shelton recently purchased 1,340 shares at an average cost of GBX 148 ($1.96), indicating confidence in the company's prospects.

Avation PLC (LON:AVAP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 148.48 ($1.97) and traded as high as GBX 163.50 ($2.17). Avation shares last traded at GBX 158 ($2.10), with a volume of 75,267 shares changing hands.

Avation Stock Down 1.9%

The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 263.47. The company has a market capitalization of £132.23 million, a PE ratio of 7.17, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business's 50-day simple moving average is GBX 155.59 and its 200-day simple moving average is GBX 148.65.

Insider Buying and Selling

In related news, insider Mark Stephen Shelton purchased 1,340 shares of the business's stock in a transaction that occurred on Friday, July 4th. The stock was bought at an average price of GBX 148 ($1.96) per share, with a total value of £1,983.20 ($2,632.33). Insiders own 19.30% of the company's stock.

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.