easyJet (OTCMKTS:ESYJY) Trading Down 0.6% – Here’s What Happened

Shares of easyJet plc (OTCMKTS:ESYJY) were down 0.6% during trading on Tuesday . The company traded as low as $6.40 and last traded at $6.55. Approximately 2,262 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 7,018 shares. The stock had previously closed at $6.5875.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ESYJY shares. Kepler Capital Markets cut easyJet from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Sanford C. Bernstein raised shares of easyJet from a “market perform” rating to an “outperform” rating in a report on Friday, November 28th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of easyJet in a research report on Monday, December 1st. Finally, Morgan Stanley initiated coverage on shares of easyJet in a research note on Wednesday, October 15th. They issued an “underweight” rating on the stock. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, easyJet has an average rating of “Hold”.

easyJet Stock Performance

The stock has a fifty day simple moving average of $6.51 and a 200-day simple moving average of $6.55.

About easyJet

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.