easyJet (LON:EZJ) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of easyJet plc (LON:EZJ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 513.16 ($6.92) and traded as high as GBX 526.60 ($7.10). easyJet shares last traded at GBX 520.20 ($7.02), with a volume of 1,732,040 shares.

easyJet Stock Performance

The firm has a market capitalization of £3.93 billion, a PE ratio of 10.50, 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’s fifty day simple moving average is GBX 546.03 and its 200-day simple moving average is GBX 513.16.

easyJet (LON:EZJ) last posted its earnings results on Thursday, May 22nd. The company reported GBX (38.90) (($0.52)) earnings per share for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, equities research analysts expect that easyJet plc will post 67.3369565 EPS for the current year.

Insider Buying and Selling at easyJet

In other news, insider Elyes Mrad bought 14,000 shares of easyJet stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average cost of GBX 588 ($7.93) per share, with a total value of £82,320 ($111,048.16). Insiders bought a total of 14,057 shares of company stock worth $8,261,865 in the last ninety days. Company 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 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.