Hostelworld Group (LON:HSW) Stock Crosses Below 50 Day Moving Average of $148.89

Shares of Hostelworld Group plc (LON:HSW) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 148.89 ($1.96) and traded as low as GBX 141.85 ($1.87). Hostelworld Group shares last traded at GBX 144.50 ($1.91), with a volume of 48,992 shares.

Analysts Set New Price Targets

HSW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 215 ($2.84) price target on shares of Hostelworld Group in a report on Monday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 247 ($3.26) price objective on shares of Hostelworld Group in a research note on Thursday, July 18th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a report on Friday, July 5th.

Hostelworld Group Stock Performance

The company’s fifty day simple moving average is GBX 148.53 and its two-hundred day simple moving average is GBX 154.56. The company has a market capitalization of £181.24 million, a price-to-earnings ratio of 1,450.00 and a beta of 1.91. The company has a quick ratio of 1.20, a current ratio of 0.43 and a debt-to-equity ratio of 0.81.

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.