easyJet (LON:EZJ) Reaches New 52-Week High – Here’s Why

easyJet plc (LON:EZJ) hit a new 52-week high on Thursday . The stock traded as high as GBX 594 ($7.50) and last traded at GBX 588.60 ($7.43), with a volume of 14456598 shares traded. The stock had previously closed at GBX 577.40 ($7.29).

easyJet Price Performance

The company has a market capitalization of £4.42 billion, a P/E ratio of 1,197.14, a PEG ratio of 0.59 and a beta of 2.49. The company has a quick ratio of 1.09, a current ratio of 1.03 and a debt-to-equity ratio of 132.04. The business has a 50 day simple moving average of GBX 531.15 and a 200-day simple moving average of GBX 489.23.

easyJet Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be paid a dividend of GBX 12.10 ($0.15) per share. This represents a yield of 2.24%. This is a positive change from easyJet’s previous dividend of $4.50. The ex-dividend date of this dividend is Thursday, February 20th. easyJet’s payout ratio is presently 1,020.41%.

Insider Buying and Selling at easyJet

In related news, insider David Robbie purchased 7,404 shares of easyJet stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of GBX 550 ($6.94) per share, with a total value of £40,722 ($51,397.20). Over the last 90 days, insiders have bought 7,488 shares of company stock worth $4,117,188. 16.74% of the stock is owned by company insiders.

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.