easyJet (LON:EZJ) Reaches New 1-Year Low – Here’s Why

easyJet plc (LON:EZJ)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 399.90 ($5.18) and last traded at GBX 470.14 ($6.09), with a volume of 14882505 shares traded. The stock had previously closed at GBX 473.20 ($6.12).

easyJet Trading Down 2.9 %

The firm has a market capitalization of £3.47 billion, a PE ratio of 9.27, a PEG ratio of 0.59 and a beta of 2.49. The company’s 50-day moving average price is GBX 498.21 and its 200-day moving average price is GBX 519.05. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02.

easyJet Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, February 20th were given a dividend of GBX 12.10 ($0.16) per share. This is a boost from easyJet’s previous dividend of $4.50. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 20th. easyJet’s dividend payout ratio is currently 10.09%.

Insider Activity

In other news, insider Julie Chakraverty purchased 20,083 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were bought at an average price of GBX 498 ($6.45) per share, with a total value of £100,013.34 ($129,450.35). In the last 90 days, insiders have acquired 20,170 shares of company stock worth $10,045,878. 16.74% of the stock is currently owned by 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 for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.