easyJet (OTCMKTS:ESYJY) Stock Price Passes Below Fifty Day Moving Average of $6.98

easyJet plc (OTCMKTS:ESYJY)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.98 and traded as low as $6.40. easyJet shares last traded at $6.40, with a volume of 13,778 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ESYJY. Barclays raised shares of easyJet from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. raised shares of easyJet from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 1st.

easyJet Trading Down 2.3 %

The firm has a fifty day simple moving average of $6.98 and a 200-day simple moving average of $6.17.

easyJet Cuts Dividend

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

About easyJet

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.