Hostelworld Group (LON:HSW) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 133.81 ($1.68) and traded as low as GBX 131 ($1.64). Hostelworld Group shares last traded at GBX 132 ($1.66), with a volume of 11,964 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a research note on Wednesday, October 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 247 ($3.10) price objective on shares of Hostelworld Group in a report on Tuesday, October 15th.

Hostelworld Group Stock Performance

The company has a market cap of £164.99 million, a price-to-earnings ratio of 1,320.00 and a beta of 1.90. The firm’s 50 day simple moving average is GBX 133.67 and its 200-day simple moving average is GBX 142.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43.

About Hostelworld Group

Hostelworld Group plc operates as an online travel agent focused on the hostel market worldwide. It offers software and data processing services that facilitate hostel, B&B, hotel, and other accommodation bookings. The company also provides business information consulting and marketing planning services; and marketing and research and development services, as well as management services.