Jet2 (LON:JET2) Trading 9.3% Higher – What’s Next?

Jet2 plc (LON:JET2)’s share price traded up 9.3% on Thursday . The stock traded as high as GBX 1,588 ($20.09) and last traded at GBX 1,550 ($19.61). 1,758,040 shares were traded during trading, an increase of 209% from the average session volume of 569,103 shares. The stock had previously closed at GBX 1,418 ($17.94).

Jet2 Stock Performance

The company has a market capitalization of £3.23 billion, a P/E ratio of 834.12, a PEG ratio of 9.34 and a beta of 2.27. The stock’s fifty day moving average price is GBX 1,440.22 and its 200-day moving average price is GBX 1,387.35. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36.

Insider Buying and Selling at Jet2

In related news, insider Rachel Kentleton acquired 1,801 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of GBX 1,403 ($17.75) per share, for a total transaction of £25,268.03 ($31,972.71). Also, insider Angela Luger acquired 900 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average cost of GBX 1,395 ($17.65) per share, for a total transaction of £12,555 ($15,886.37). Corporate insiders own 20.92% of the company’s stock.

Jet2 Company Profile

Jet2 plc, together with its subsidiaries, engages in the leisure travel business primarily in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in the package holiday and non-ticket retail activities, as well as passenger and charter aircraft operations.