easyjet (OTCMKTS:EJTTF) Sees Unusually-High Trading Volume – What’s Next?

easyjet PLC (OTCMKTS:EJTTF) shares saw strong trading volume on Friday . 430 shares changed hands during mid-day trading, an increase of 43% from the previous session’s volume of 300 shares.The stock last traded at $6.42 and had previously closed at $6.97.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised easyjet from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

easyjet Price Performance

The company’s 50 day simple moving average is $6.83 and its 200 day simple moving average is $6.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.54.

About easyjet

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.