easyJet (LON:EZJ) Sets New 52-Week Low – What’s Next?

easyJet plc (LON:EZJ)’s stock price reached a new 52-week low during 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 changing hands. The stock had previously closed at GBX 473.20 ($6.13).

easyJet Price Performance

The firm has a 50-day simple moving average of GBX 499.10 and a two-hundred day simple moving average of GBX 519.21. The company has a market capitalization of £3.56 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33.

easyJet Increases Dividend

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

Insider Buying and Selling at easyJet

In other news, insider Julie Chakraverty bought 20,083 shares of the stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of GBX 498 ($6.45) per share, with a total value of £100,013.34 ($129,483.87). Over the last ninety days, insiders purchased 20,170 shares of company stock valued at $10,045,878. 16.74% of the stock is owned by company 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.