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

Shares of Hostelworld Group plc (LON:HSW) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 133.93 ($1.66) and traded as low as GBX 129 ($1.60). Hostelworld Group shares last traded at GBX 131.50 ($1.63), with a volume of 42,295 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a report on Tuesday, January 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 247 ($3.06) price objective on shares of Hostelworld Group in a research note on Tuesday, October 15th.

Hostelworld Group Stock Performance

The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is GBX 133.96 and its 200 day moving average is GBX 136.71. The stock has a market capitalization of £166.24 million, a price-to-earnings ratio of 1,330.00 and a beta of 1.90.

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.