Aviva (OTCMKTS:AVVIY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Aviva PLC experienced a significant increase in trading volume by 153%, with 95,323 shares changing hands on Tuesday, despite the stock price falling to $17.23 from a previous close of $18.00.
• Equity analysts have mixed views on the stock, with Barclays downgrading it to a "hold" while Citigroup upgraded it, leading to an average rating of "Moderate Buy" among analysts.
• The company operates in various financial sectors including insurance and investment products, predominantly in the UK, Ireland, and Canada.

Aviva PLC (OTCMKTS:AVVIY - Get Free Report) saw strong trading volume on Tuesday . 95,323 shares changed hands during trading, an increase of 153% from the previous session's volume of 37,745 shares.The stock last traded at $17.23 and had previously closed at $18.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays cut Aviva from a "strong-buy" rating to a "hold" rating in a report on Monday, June 16th. Citigroup upgraded Aviva to a "hold" rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Aviva Stock Performance

The stock has a 50-day moving average price of $17.65 and a two-hundred day moving average price of $15.90. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.86 and a quick ratio of 1.86.

Aviva Company Profile

Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products.

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.