easyjet (OTCMKTS:EJTTF) Shares Gap Down – What’s Next?

easyjet PLC (OTCMKTS:EJTTF) gapped down before the market opened on Wednesday . The stock had previously closed at $9.03, but opened at $7.89. easyjet shares last traded at $7.89, with a volume of 150 shares.

Analysts Set New Price Targets

A number of brokerages have weighed in on EJTTF. Zacks Research raised easyjet to a “hold” rating in a research note on Wednesday, July 8th. UBS Group cut shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein cut shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

easyjet Stock Up 3.8%

The stock has a fifty day moving average of $6.84 and a 200-day moving average of $6.05.

About easyjet

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.