easyJet (LON:EZJ) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of easyJet plc (LON:EZJ - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 483.37 ($6.27) and traded as high as GBX 528.80 ($6.86). easyJet shares last traded at GBX 520.40 ($6.75), with a volume of 3,718,177 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on easyJet from GBX 670 ($8.69) to GBX 640 ($8.30) and set an "overweight" rating on the stock in a research report on Wednesday, July 3rd.

easyJet Trading Down 1.8 %

The business's 50-day simple moving average is GBX 494.06 and its 200-day simple moving average is GBX 483.37. The company has a market cap of £3.85 billion, a PE ratio of 1,042.45, a P/E/G 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 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.