easyJet (OTCMKTS:ESYJY) Shares Pass Below 50 Day Moving Average of $6.91

easyJet plc (OTCMKTS:ESYJY)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.91 and traded as low as $6.71. easyJet shares last traded at $6.83, with a volume of 818 shares.

Wall Street Analysts Forecast Growth

ESYJY has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of easyJet from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 1st. Barclays upgraded shares of easyJet from an “equal weight” rating to an “overweight” rating in a report on Friday, February 2nd.

easyJet Stock Performance

The business’s 50 day moving average price is $6.91 and its 200-day moving average price is $6.28.

easyJet Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.0565 per share. The ex-dividend date of this dividend was Thursday, February 22nd. easyJet’s dividend payout ratio is currently 38.46%.

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.