Avation (LON:AVAP) Hits New 52-Week High at $302.00

Shares of Avation PLC (LON:AVAP) hit a new 52-week high on Friday . The stock traded as high as GBX 302 ($3.95) and last traded at GBX 301.50 ($3.94), with a volume of 6714 shares traded. The stock had previously closed at GBX 301.50 ($3.94).

Separately, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 350 ($4.57) target price on shares of Avation in a research note on Thursday, September 5th.

The company has a debt-to-equity ratio of 408.41, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $192.99 million and a PE ratio of 7.09. The company’s 50 day simple moving average is GBX 288.79 and its two-hundred day simple moving average is GBX 286.49.

The business also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.09 per share. This represents a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a positive change from Avation’s previous dividend of $0.02. Avation’s dividend payout ratio (DPR) is 0.16%.

Avation Company Profile (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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