easyJet (LON:EZJ) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

easyJet plc (LON:EZJ)’s stock price passed 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 changing hands.

easyJet Stock Performance

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 stock’s fifty day moving average is GBX 549.99 and its two-hundred day moving average is GBX 501.87. The firm has a market capitalization 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.

easyJet Increases Dividend

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

Insider Buying and Selling

In other news, insider Kenton Jarvis sold 34,540 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 568 ($7.09), for a total value of £196,187.20 ($244,744.51). Also, insider David Robbie purchased 7,404 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of GBX 550 ($6.86) per share, for a total transaction of £40,722 ($50,800.90). Over the last 90 days, insiders acquired 7,488 shares of company stock worth $4,117,188. Company insiders own 16.74% of the company’s stock.

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.