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

easyJet plc (LON:EZJ)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

easyJet Trading Down 0.2 %

The stock has a market capitalization of £3.93 billion, a PE ratio of 1,065.29, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The business’s 50-day moving average is GBX 537.93 and its two-hundred day moving average is GBX 508.97. The company has a debt-to-equity ratio of 132.04, a quick ratio of 1.09 and a current ratio of 1.03.

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

easyJet Increases Dividend

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

Insiders Place Their Bets

In other news, insider Kenton Jarvis sold 34,540 shares of easyJet stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 568 ($7.02), for a total transaction of £196,187.20 ($242,445.87). Also, insider David Robbie purchased 7,404 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of GBX 550 ($6.80) per share, with a total value of £40,722 ($50,323.78). In the last ninety days, insiders have purchased 27,542 shares of company stock worth $14,103,320. Corporate 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.