easyjet (OTCMKTS:EJTTF) Shares Gap Down – What’s Next?

Shares of easyjet PLC (OTCMKTS:EJTTF) gapped down prior to trading 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EJTTF. Sanford C. Bernstein lowered easyjet from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. UBS Group downgraded shares of easyjet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded shares of easyjet to a “hold” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

easyjet Stock Up 3.8%

The company’s 50 day moving average price is $6.84 and its 200 day moving average price is $6.05.

About easyjet

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.