easyJet (LON:EZJ) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

easyJet plc (LON:EZJ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 501.87 ($6.26) and traded as high as GBX 538 ($6.71). easyJet shares last traded at GBX 537.80 ($6.71), with a volume of 3,131,057 shares.

easyJet Price Performance

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 firm has a market cap of £4.01 billion, a price-to-earnings ratio of 1,086.94, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a 50 day moving average of GBX 549.99 and a 200 day moving average of GBX 501.87.

easyJet Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 2.24%. The ex-dividend date is Thursday, February 20th. This is a boost from easyJet’s previous dividend of $4.50. easyJet’s payout ratio is 1,020.41%.

Insider Activity at easyJet

In other news, insider David Robbie acquired 7,404 shares of easyJet stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of GBX 550 ($6.86) per share, with a total value of £40,722 ($50,800.90). Also, insider Kenton Jarvis sold 34,540 shares of easyJet stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of GBX 568 ($7.09), for a total transaction of £196,187.20 ($244,744.51). In the last three months, insiders acquired 7,488 shares of company stock worth $4,117,188. 16.74% of the stock is owned by company insiders.

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.