easyJet (LON:EZJ) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of easyJet plc (LON:EZJ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 492.76 ($6.16) and traded as high as GBX 575 ($7.19). easyJet shares last traded at GBX 573.40 ($7.17), with a volume of 2,978,215 shares.

easyJet Trading Down 1.2 %

The company has a market capitalization of £4.27 billion, a price-to-earnings ratio of 1,156.18, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 132.04. The business’s 50 day moving average price is GBX 537.79 and its two-hundred day moving average price is GBX 492.76.

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 GBX 12.10 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 2.24%. This is a positive change from easyJet’s previous dividend of $4.50. easyJet’s dividend payout ratio (DPR) is currently 1,020.41%.

Insiders Place Their Bets

In other news, insider David Robbie purchased 7,404 shares of easyJet stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of GBX 550 ($6.87) per share, for a total transaction of £40,722 ($50,896.14). Over the last quarter, insiders have purchased 7,488 shares of company stock valued at $4,117,188. 16.74% of the stock is currently owned by insiders.

About easyJet

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.