easyJet (LON:EZJ) Stock Passes Above 200-Day Moving Average – What’s Next?

easyJet plc (LON:EZJ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 516.92 ($6.68) and traded as high as GBX 519.63 ($6.71). easyJet shares last traded at GBX 504.60 ($6.52), with a volume of 5,638,602 shares.

easyJet Price Performance

The firm has a market capitalization of £3.77 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The business has a 50 day simple moving average of GBX 510.94 and a two-hundred day simple moving average of GBX 517.30.

easyJet Increases Dividend

The company also recently disclosed 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 ($0.16) 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 is 10.09%.

Insider Activity

In other news, insider Julie Chakraverty acquired 20,083 shares of easyJet stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of GBX 498 ($6.43) per share, for a total transaction of £100,013.34 ($129,232.90). Also, insider Kenton Jarvis sold 34,540 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 568 ($7.34), for a total value of £196,187.20 ($253,504.59). In the last three months, insiders have bought 20,167 shares of company stock worth $10,046,374. 16.74% of the stock is currently owned by insiders.

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 for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.