easyjet (OTCMKTS:EJTTF) Shares Gap Up – Time to Buy?

easyjet PLC (OTCMKTS:EJTTFGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $7.60, but opened at $8.59. easyjet shares last traded at $8.59, with a volume of 250 shares trading hands.

Wall Street Analyst Weigh In

EJTTF has been the topic of a number of research reports. Zacks Research raised shares of easyjet to a “hold” rating in a research report on Wednesday, July 8th. UBS Group lowered shares of easyjet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on EJTTF

easyjet Stock Up 8.9%

The stock has a 50-day simple moving average of $7.03 and a 200 day simple moving average of $6.07.

easyjet Company Profile

(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.

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