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

Avation PLC (LON:AVAP)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 146.58 ($1.82) and traded as low as GBX 140.50 ($1.74). Avation shares last traded at GBX 145 ($1.80), with a volume of 195,066 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 285 ($3.54) target price on shares of Avation in a research note on Tuesday, January 7th.

Avation Trading Up 1.8 %

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 £102.78 million, a price-to-earnings ratio of 690.48, a price-to-earnings-growth ratio of -0.15 and a beta of 1.17. The business has a fifty day moving average price of GBX 152.85 and a 200 day moving average price of GBX 146.58.

Avation Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, November 28th were paid a dividend of GBX 0.50 ($0.01) per share. This is a boost from Avation’s previous dividend of $0.02. This represents a yield of 0.29%. The ex-dividend date of this dividend was Thursday, November 28th. Avation’s dividend payout ratio is presently 3,809.52%.

Insider Buying and Selling at Avation

In other news, insider Stephen Fisher acquired 115 shares of the stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of £156 ($193.74) per share, for a total transaction of £17,940 ($22,280.18). 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.