easyJet (LON:EZJ) Share Price Passes Above 200-Day Moving Average of $495.84

easyJet plc (LON:EZJ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 495.84 ($6.12) and traded as high as GBX 544.80 ($6.73). easyJet shares last traded at GBX 538.20 ($6.65), with a volume of 1,895,713 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on EZJ shares. JPMorgan Chase & Co. dropped their price objective on shares of easyJet from GBX 690 ($8.52) to GBX 680 ($8.40) and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Barclays reissued an “overweight” rating and issued a GBX 700 ($8.65) price objective on shares of easyJet in a research note on Tuesday, February 6th.

easyJet Price Performance

The company’s 50 day moving average price is GBX 547.60 and its 200-day moving average price is GBX 496.64. The stock has a market cap of £4.05 billion, a P/E ratio of 1,251.63, a P/E/G ratio of 2.31 and a beta of 2.58. The company has a quick ratio of 1.09, a current ratio of 1.00 and a debt-to-equity ratio of 104.20.

easyJet Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 22nd were issued a dividend of GBX 4.50 ($0.06) per share. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, February 22nd. easyJet’s dividend payout ratio is currently 1,162.79%.

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.