Ryanair (NASDAQ:RYAAY) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Ryanair Holdings PLC (NASDAQ:RYAAY – Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $54.19 and traded as high as $56.80. Ryanair shares last traded at $55.29, with a volume of 2,372,038 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Weiss Ratings downgraded shares of Ryanair from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 4th. Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Raymond James Financial reissued a “strong-buy” rating and issued a $74.00 target price on shares of Ryanair in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Finally, Barclays lowered shares of Ryanair from an “overweight” rating to an “equal weight” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ryanair presently has an average rating of “Moderate Buy” and a consensus target price of $73.97.

Read Our Latest Stock Analysis on RYAAY

Ryanair Trading Up 2.9%

The company has a market cap of $28.64 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 4.28 and a beta of 1.19. The business’s 50 day moving average price is $54.19 and its 200-day moving average price is $59.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its position in shares of Ryanair by 48.1% in the second quarter. IFP Advisors Inc now owns 665 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 216 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Ryanair by 18.9% during the third quarter. Fortitude Family Office LLC now owns 1,495 shares of the transportation company’s stock worth $82,000 after purchasing an additional 238 shares during the period. Leonteq Securities AG increased its stake in shares of Ryanair by 2,084.9% during the second quarter. Leonteq Securities AG now owns 2,032 shares of the transportation company’s stock worth $132,000 after purchasing an additional 1,939 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Ryanair by 68.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,461 shares of the transportation company’s stock worth $159,000 after purchasing an additional 1,000 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Ryanair by 42.4% during the 1st quarter. Parallel Advisors LLC now owns 2,886 shares of the transportation company’s stock worth $167,000 after purchasing an additional 859 shares during the last quarter. 43.65% of the stock is owned by institutional investors.

About Ryanair

(Get Free Report)

Ryanair Holdings plc is an Ireland-based airline group and the parent company of Ryanair, one of Europe’s largest low-cost carriers. The group operates a primarily short-haul network focused on affordable air travel, offering scheduled passenger flights, seat reservations, priority boarding, and related travel services.

Ryanair’s airline operations include Ryanair DAC, Malta Air, Buzz, Lauda, and Ryanair UK. Together, these carriers serve destinations across Europe and selected markets in North Africa and the Middle East, connecting major cities and regional airports through a point-to-point route network.

Further Reading

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