Avation (LON:AVAP) Trading 6.6% Higher – What’s Next?

Avation PLC (LON:AVAP) traded up 6.6% during mid-day trading on Friday . The company traded as high as GBX 178 ($2.31) and last traded at GBX 177 ($2.30). 323,866 shares were traded during trading, an increase of 136% from the average session volume of 137,462 shares. The stock had previously closed at GBX 166 ($2.16).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on shares of Avation from GBX 280 ($3.64) to GBX 255 ($3.31) and set a “buy” rating for the company in a report on Thursday, September 26th.

Avation Trading Down 0.6 %

The company has a debt-to-equity ratio of 263.30, a current ratio of 1.39 and a quick ratio of 1.33. The company has a market capitalization of £124.39 million, a price-to-earnings ratio of 835.71, 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 140.37 and its 200 day simple moving average is GBX 132.64.

Avation Company Profile

Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. The company's fleet includes 13 narrow-body jets, two twin-aisle jets, and 21 ATR 72 twin-engine turboprop aircraft. As of June 30, 2023, the company owned and managed a fleet of 36 aircraft.