Avation PLC (LON:AVAP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $286.21 and traded as low as $280.99. Avation shares last traded at $283.00, with a volume of 3,389 shares trading hands.
Separately, Canaccord Genuity reiterated a “buy” rating and issued a GBX 350 ($4.57) price target on shares of Avation in a report on Thursday, September 5th.
The company has a market cap of $181.20 million and a price-to-earnings ratio of 7.01. The stock’s fifty day simple moving average is GBX 290.72 and its two-hundred day simple moving average is GBX 286.21. The company has a debt-to-equity ratio of 452.10, a quick ratio of 1.34 and a current ratio of 1.35.
The business also recently declared a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 3rd will be issued a $0.09 dividend. This represents a dividend yield of 2.31%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Avation’s previous dividend of $0.02. Avation’s dividend payout ratio (DPR) is 0.35%.
About Avation (LON:AVAP)
Avation PLC, together with its subsidiaries, leases commercial passenger aircraft to airlines worldwide. As of June 30, 2018, the company managed a fleet of 38 aircraft. It is also involved in the financing business. The company was founded in 2006 and is headquartered in Singapore.
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