easyJet (OTCMKTS:ESYJY) Stock Price Passes Below Fifty Day Moving Average of $6.98

easyJet plc (OTCMKTS:ESYJY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $6.98 and traded as low as $6.40. easyJet shares last traded at $6.40, with a volume of 13,778 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised easyJet from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 1st. Barclays raised easyJet from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 2nd.

easyJet Trading Down 2.3 %

The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $6.17.

easyJet Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, February 23rd were issued a dividend of $0.0565 per share. The ex-dividend date of this dividend was Thursday, February 22nd. easyJet’s dividend payout ratio (DPR) is currently 38.46%.

easyJet Company Profile

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.