easyjet (OTCMKTS:EJTTF) Shares Gap Down – Here’s Why

easyjet PLC (OTCMKTS:EJTTFGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.03, but opened at $7.89. easyjet shares last traded at $7.89, with a volume of 150 shares.

Analyst Ratings Changes

Several equities analysts have commented on the stock. UBS Group lowered shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Sanford C. Bernstein lowered shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Zacks Research raised shares of easyjet to a “hold” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, easyjet presently has an average rating of “Hold”.

Check Out Our Latest Report on easyjet

easyjet Price Performance

The company’s 50 day moving average is $6.97 and its 200 day moving average is $6.06.

About easyjet

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for easyjet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyjet and related companies with MarketBeat.com's FREE daily email newsletter.