Hostelworld Group (LON:HSW) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Hostelworld Group plc (LON:HSW) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 133.93 ($1.67) and traded as low as GBX 129 ($1.60). Hostelworld Group shares last traded at GBX 131.50 ($1.64), with a volume of 42,295 shares.

Analyst Upgrades and Downgrades

HSW has been the topic of a number of research analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 247 ($3.07) price target on shares of Hostelworld Group in a research note on Tuesday, October 15th. Shore Capital restated a “buy” rating on shares of Hostelworld Group in a research note on Tuesday, January 14th.

Hostelworld Group Trading Down 0.4 %

The stock has a 50-day moving average of GBX 133.93 and a 200 day moving average of GBX 136.85. The stock has a market cap of £163.74 million, a PE ratio of 1,310.00 and a beta of 1.90. 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.