easyjet (OTCMKTS:EJTTF) Shares Gap Up – Still a Buy?

Shares of easyjet PLC (OTCMKTS:EJTTF) gapped up prior to trading on Tuesday . The stock had previously closed at $6.5828, but opened at $6.90. easyjet shares last traded at $6.90, with a volume of 1,000 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

easyjet Stock Performance

The stock’s 50 day simple moving average is $5.12 and its two-hundred day simple moving average is $5.81. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.11 and a quick ratio of 1.11.

easyjet Company Profile

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.