On the Beach Group (LON:OTB) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

On the Beach Group plc (LON:OTB)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 250.21 ($3.34) and traded as low as GBX 210 ($2.80). On the Beach Group shares last traded at GBX 218.50 ($2.91), with a volume of 753,301 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OTB. Berenberg Bank lowered their price objective on On the Beach Group from GBX 340 to GBX 330 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research report on Wednesday, September 24th. Finally, Canaccord Genuity Group dropped their price objective on shares of On the Beach Group from GBX 313 to GBX 293 and set a “buy” rating for the company in a report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 311.50.

On the Beach Group Price Performance

The stock has a 50-day simple moving average of GBX 250.21 and a 200 day simple moving average of GBX 262.83. The company has a market cap of £338.60 million, a PE ratio of 23.80, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53.

About On the Beach Group

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.