easyJet (OTCMKTS:ESYJY) Share Price Crosses Below Fifty Day Moving Average of $6.98

easyJet plc (OTCMKTS:ESYJY) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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

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

easyJet Price Performance

The stock has a 50 day moving average price of $6.96 and a 200-day moving average price of $6.17.

easyJet Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, February 23rd were issued a $0.0565 dividend. The ex-dividend date was Thursday, February 22nd. easyJet’s dividend payout ratio is currently 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.