Hostelworld Group (LON:HSW) Stock Passes Below 50 Day Moving Average of $144.30

Hostelworld Group plc (LON:HSW)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 144.30 ($1.91) and traded as low as GBX 142 ($1.88). Hostelworld Group shares last traded at GBX 142 ($1.88), with a volume of 96,644 shares.

Wall Street Analysts Forecast Growth

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

Hostelworld Group Stock Performance

The stock has a market capitalization of £177.76 million, a price-to-earnings ratio of 1,420.00 and a beta of 1.90. The firm has a fifty day moving average of GBX 144.30 and a 200 day moving average of GBX 153.86. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.43 and a quick ratio of 1.20.

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.