Jet2 (LON:JET2) Sets New 52-Week High – Still a Buy?

Shares of Jet2 plc (LON:JET2) hit a new 52-week high during trading on Monday . The company traded as high as GBX 1,600 ($20.30) and last traded at GBX 1,545.50 ($19.61), with a volume of 137118 shares trading hands. The stock had previously closed at GBX 1,536 ($19.49).

Jet2 Price Performance

The company’s fifty day moving average is GBX 1,439.82 and its two-hundred day moving average is GBX 1,387.21. 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 firm has a market cap of £3.12 billion, a price-to-earnings ratio of 851.76, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27.

Insider Buying and Selling at Jet2

In other news, insider Angela Luger acquired 900 shares of the stock in a transaction on Wednesday, October 9th. The stock was bought at an average price of GBX 1,395 ($17.70) per share, with a total value of £12,555 ($15,932.74). Also, insider Rachel Kentleton bought 1,801 shares of Jet2 stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of GBX 1,403 ($17.80) per share, for a total transaction of £25,268.03 ($32,066.03). 20.92% of the stock is currently owned by corporate insiders.

About Jet2

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.