easyJet (LON:EZJ) Stock Price Passes Above 200 Day Moving Average – Here’s Why

easyJet plc (LON:EZJ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 511.74 ($6.46) and traded as high as GBX 526.80 ($6.65). easyJet shares last traded at GBX 517.60 ($6.53), with a volume of 3,066,384 shares traded.

easyJet Stock Down 4.3 %

The stock has a market capitalization of £3.74 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The firm’s fifty day moving average is GBX 531.39 and its 200-day moving average is GBX 511.74.

easyJet (LON:EZJ) last posted its earnings results on Wednesday, November 27th. The company reported GBX 61.30 ($0.77) earnings per share (EPS) for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, equities research analysts predict that easyJet plc will post 67.3369565 earnings per share for the current year.

easyJet Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be given a GBX 12.10 ($0.15) dividend. This is an increase from easyJet’s previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 2.24%. easyJet’s payout ratio is presently 10.09%.

Insider Transactions at easyJet

In related news, insider David Robbie bought 7,404 shares of easyJet stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of GBX 550 ($6.94) per share, for a total transaction of £40,722 ($51,371.26). Also, insider Kenton Jarvis sold 34,540 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of GBX 568 ($7.17), for a total transaction of £196,187.20 ($247,492.37). Over the last quarter, insiders have acquired 27,571 shares of company stock worth $14,118,574. Insiders own 16.74% of the company’s stock.

easyJet Company Profile

We are a low-cost European point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares, seamlessly connecting Europe with the warmest welcome in the sky. easyJet is one of the largest airlines in the world, with 343 aircraft, operating 1,045 routes across 35 countries and 158 airports.