Hostelworld Group (LON:HSW) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 108.91 and traded as low as GBX 105. Hostelworld Group shares last traded at GBX 105, with a volume of 26,008 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 205 target price on shares of Hostelworld Group in a research report on Friday, July 10th. Berenberg Bank restated a “buy” rating and set a GBX 171 price target on shares of Hostelworld Group in a report on Thursday, July 9th. Finally, Shore Capital Group restated a “buy” rating and issued a GBX 230 price target on shares of Hostelworld Group in a research report on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Hostelworld Group presently has a consensus rating of “Buy” and a consensus target price of GBX 196.83.

Hostelworld Group Stock Performance

The company has a market cap of £129.45 million, a price-to-earnings ratio of 19.30 and a beta of 0.75. The company has a debt-to-equity ratio of 20.11, a current ratio of 0.91 and a quick ratio of 1.20. The firm has a fifty day simple moving average of GBX 108.91 and a 200 day simple moving average of GBX 109.80.

Hostelworld Group Company Profile

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. In addition, it engages in the technology trading business. The company was founded in 1999 and is based in Dublin, Ireland.