easyJet (LON:EZJ) Share Price Passes Above 200 Day Moving Average - Here's Why

easyJet plc (LON:EZJ - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 514.09 ($6.90) and traded as high as GBX 558.80 ($7.50). easyJet shares last traded at GBX 549.80 ($7.38), with a volume of 9,273,212 shares.

easyJet Price Performance

The firm has a market capitalization of £4.28 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The business has a 50 day simple moving average of GBX 490.17 and a two-hundred day simple moving average of GBX 514.09.

easyJet (LON:EZJ - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported GBX (38.90) (($0.52)) earnings per share for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. On average, sell-side analysts expect that easyJet plc will post 67.3369565 EPS for the current fiscal year.

easyJet Increases Dividend

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

About easyJet

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.

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