On the Beach Group (LON:OTB) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of On the Beach Group plc (LON:OTB) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 147.82 ($1.92) and traded as high as GBX 155.60 ($2.02). On the Beach Group shares last traded at GBX 154.40 ($2.00), with a volume of 1,127,278 shares traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on OTB. Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 ($2.34) target price on shares of On the Beach Group in a research note on Tuesday, October 15th. Canaccord Genuity Group reduced their price objective on On the Beach Group from GBX 220 ($2.86) to GBX 187 ($2.43) and set a “buy” rating for the company in a research note on Wednesday, October 16th.

On the Beach Group Trading Up 1.3 %

The company has a 50 day moving average of GBX 147.82 and a 200 day moving average of GBX 146.43. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20. The stock has a market capitalization of £261.17 million, a price-to-earnings ratio of 1,715.56, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.