easyJet (LON:EZJ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of easyJet plc (LON:EZJ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 508.97 ($6.29) and traded as high as GBX 529.20 ($6.54). easyJet shares last traded at GBX 523.20 ($6.47), with a volume of 2,265,289 shares.

easyJet Trading Down 0.2 %

The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 132.04. The business’s fifty day simple moving average is GBX 537.93 and its two-hundred day simple moving average is GBX 508.97. The company has a market cap of £3.93 billion, a price-to-earnings ratio of 1,065.29, a PEG ratio of 0.59 and a beta of 2.49.

easyJet (LON:EZJ) last released its quarterly earnings data on Wednesday, November 27th. The company reported GBX 61.30 ($0.76) earnings per share for the quarter. easyJet had a net margin of 4.27% and a return on equity of 17.26%. On average, equities analysts predict that easyJet plc will post 67.3369565 EPS for the current year.

easyJet Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be given a dividend of GBX 12.10 ($0.15) per share. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from easyJet’s previous dividend of $4.50. This represents a dividend yield of 2.24%. easyJet’s dividend payout ratio (DPR) is 1,020.41%.

Insider Transactions at easyJet

In other easyJet news, insider Julie Chakraverty bought 20,083 shares of the stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 498 ($6.15) per share, for a total transaction of £100,013.34 ($123,595.33). Also, insider Kenton Jarvis sold 34,540 shares of easyJet stock in a transaction on Thursday, December 19th. The shares were sold at an average price of GBX 568 ($7.02), for a total transaction of £196,187.20 ($242,445.87). Over the last ninety days, insiders have acquired 27,542 shares of company stock worth $14,103,320. Insiders own 16.74% of the company’s stock.

About easyJet

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.