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Avation (LON:AVAP) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Avation logo with Industrials background

Avation PLC (LON:AVAP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 151.40 ($2.01) and traded as low as GBX 148 ($1.97). Avation shares last traded at GBX 148 ($1.97), with a volume of 65,088 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 285 ($3.79) price target on shares of Avation in a report on Tuesday, February 25th.

Read Our Latest Analysis on AVAP

Avation Stock Down 0.7%

The firm has a market cap of £124.70 million, a PE ratio of 6.76, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business has a 50-day moving average price of GBX 145.65 and a two-hundred day moving average price of GBX 150.94. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 263.47.

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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