easyJet (OTCMKTS:ESYJY) Trading Down 0.6% – Here’s What Happened

easyJet plc (OTCMKTS:ESYJY) fell 0.6% on Tuesday . The stock traded as low as $6.40 and last traded at $6.55. 2,262 shares changed hands during trading, a decline of 68% from the average session volume of 7,018 shares. The stock had previously closed at $6.5875.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ESYJY shares. Kepler Capital Markets downgraded easyJet from a “buy” rating to a “hold” rating in a report on Friday, December 12th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of easyJet in a research report on Monday, December 1st. Morgan Stanley initiated coverage on easyJet in a report on Wednesday, October 15th. They set an “underweight” rating on the stock. Finally, Sanford C. Bernstein upgraded easyJet from a “market perform” rating to an “outperform” rating in a research note on Friday, November 28th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, easyJet has an average rating of “Hold”.

easyJet Stock Down 0.6%

The firm’s 50-day moving average is $6.51 and its two-hundred day moving average is $6.55.

About easyJet

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.