On the Beach Group (LON:OTB) Shares Pass Above 50-Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 221.35 ($2.76) and traded as high as GBX 258.35 ($3.23). On the Beach Group shares last traded at GBX 256.50 ($3.20), with a volume of 526,984 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OTB shares. Berenberg Bank reissued a “buy” rating and issued a GBX 180 ($2.25) price objective on shares of On the Beach Group in a report on Tuesday, October 15th. Canaccord Genuity Group lowered their price objective on On the Beach Group from GBX 220 ($2.75) to GBX 187 ($2.33) and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Shore Capital reaffirmed a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th.

On the Beach Group Stock Up 1.0 %

The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49. The business has a 50-day simple moving average of GBX 221.35 and a 200-day simple moving average of GBX 172.79. The company has a market cap of £428.33 million, a PE ratio of 2,850.00, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group (LON:OTB) last announced its earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 9.78% and a net margin of 8.65%. Equities research analysts anticipate that On the Beach Group plc will post 17.3349938 EPS for the current year.

On the Beach Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be paid a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 1.02%. This is a boost from On the Beach Group’s previous dividend of $0.90. On the Beach Group’s payout ratio is currently 1,111.11%.

Insider Buying and Selling

In other news, insider Simon Cooper acquired 3,000,000 shares of On the Beach Group stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of GBX 228 ($2.85) per share, with a total value of £6,840,000 ($8,540,392.06). Also, insider Shaun Morton bought 12,013 shares of the stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average cost of GBX 209 ($2.61) per share, for a total transaction of £25,107.17 ($31,348.70). Insiders own 10.69% of the company’s stock.

About On the Beach Group

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.