Jet2 (LON:JET2) Sets New 1-Year High – Here’s Why

Shares of Jet2 plc (LON:JET2) hit a new 52-week high on Monday . The stock traded as high as GBX 1,600 ($20.16) and last traded at GBX 1,545.50 ($19.48), with a volume of 137118 shares. The stock had previously closed at GBX 1,536 ($19.36).

Jet2 Price Performance

The company has a market capitalization of £3.30 billion, a PE ratio of 903.53, a P/E/G ratio of 9.34 and a beta of 2.27. The company has a debt-to-equity ratio of 103.30, a quick ratio of 1.49 and a current ratio of 1.36. The stock has a 50 day moving average price of GBX 1,439.28 and a two-hundred day moving average price of GBX 1,386.57.

Insider Buying and Selling

In related news, insider Rachel Kentleton acquired 1,801 shares of the stock in a transaction dated Thursday, September 12th. The shares were acquired at an average price of GBX 1,403 ($17.68) per share, with a total value of £25,268.03 ($31,843.77). Also, insider Angela Luger acquired 900 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was bought at an average cost of GBX 1,395 ($17.58) per share, for a total transaction of £12,555 ($15,822.31). 20.92% of the stock is currently owned by corporate insiders.

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.