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

Hostelworld Group plc (LON:HSW)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 136.87 ($1.78) and traded as low as GBX 129.41 ($1.68). Hostelworld Group shares last traded at GBX 134 ($1.74), with a volume of 19,325 shares traded.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a research note on Wednesday, October 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 247 ($3.22) price target on shares of Hostelworld Group in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 215 ($2.80) price objective on shares of Hostelworld Group in a report on Monday, August 12th.

Hostelworld Group Trading Down 0.7 %

The stock has a market cap of £166.24 million, a PE ratio of 1,334.00 and a beta of 1.90. The stock’s fifty day moving average price is GBX 136.64 and its 200 day moving average price is GBX 147.18. 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.