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

easyjet PLC (OTCMKTS:EJTTF) shares gapped down prior to trading on Friday . The stock had previously closed at $6.42, but opened at $5.92. easyjet shares last traded at $5.92, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded easyjet from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, easyjet has an average rating of “Strong Buy”.

easyjet Stock Down 7.8%

The firm’s 50-day moving average price is $6.83 and its 200-day moving average price is $6.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.54.

easyjet Company Profile

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.