easyjet (OTCMKTS:EJTTF) Sees Large Volume Increase – Still a Buy?

Shares of easyjet PLC (OTCMKTS:EJTTF) saw unusually-high trading volume on Friday . Approximately 430 shares changed hands during trading, an increase of 43% from the previous session’s volume of 300 shares.The stock last traded at $6.42 and had previously closed at $6.97.

Wall Street Analyst Weigh In

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

easyjet Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day simple moving average of $6.83 and a 200 day simple moving average of $6.55.

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.