easyJet (LON:EZJ) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

easyJet plc (LON:EZJ)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 505.08 ($6.23) and traded as high as GBX 513.82 ($6.34). easyJet shares last traded at GBX 506.40 ($6.24), with a volume of 3,930,552 shares changing hands.

easyJet Price Performance

The company’s fifty day simple moving average is GBX 545.71 and its 200-day simple moving average is GBX 505.08. The stock has a market cap of £3.81 billion, a P/E ratio of 1,033.47, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.03, a quick ratio of 1.09 and a debt-to-equity ratio of 132.04.

easyJet Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be given a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from easyJet’s previous dividend of $4.50. easyJet’s dividend payout ratio (DPR) is 1,020.41%.

Insiders Place Their Bets

In other easyJet news, insider David Robbie acquired 7,404 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of GBX 550 ($6.78) per share, for a total transaction of £40,722 ($50,212.08). Also, insider Kenton Jarvis sold 34,540 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 568 ($7.00), for a total value of £196,187.20 ($241,907.77). Insiders purchased 7,487 shares of company stock worth $4,117,190 over the last three months. 16.74% of the stock is currently owned by corporate 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.