easyJet (LON:EZJ) Share Price Passes Above 200 Day Moving Average – Time to Sell?

easyJet plc (LON:EZJ)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 489.76 ($6.55) and traded as high as GBX 496.60 ($6.64). easyJet shares last traded at GBX 493 ($6.59), with a volume of 3,115,998 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on shares of easyJet from GBX 670 ($8.96) to GBX 640 ($8.56) and set an “overweight” rating on the stock in a research report on Wednesday, July 3rd.

easyJet Trading Up 2.6 %

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 firm has a market cap of £3.71 billion, a PE ratio of 1,006.12, a PEG ratio of 2.31 and a beta of 2.49. The stock’s fifty day simple moving average is GBX 470.91 and its two-hundred day simple moving average is GBX 489.76.

easyJet Company Profile

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.