On the Beach Group (LON:OTB) Shares Pass Above 50 Day Moving Average – Should You Sell?

On the Beach Group plc (LON:OTB)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 177.01 ($2.22) and traded as high as GBX 246 ($3.09). On the Beach Group shares last traded at GBX 245 ($3.07), with a volume of 294,722 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 180 ($2.26) price objective on shares of On the Beach Group in a report on Tuesday, October 15th. Canaccord Genuity Group decreased their target price on shares of On the Beach Group from GBX 220 ($2.76) to GBX 187 ($2.35) and set a “buy” rating on the stock in a 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 Performance

The company has a 50 day simple moving average of GBX 180.69 and a 200 day simple moving average of GBX 157.60. 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 stock has a market cap of £409.13 million, a price-to-earnings ratio of 2,722.22, a P/E/G ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider Simon Cooper acquired 3,000,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of GBX 228 ($2.86) per share, with a total value of £6,840,000 ($8,578,953.97). Also, insider Shaun Morton bought 12,013 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of GBX 209 ($2.62) per share, for a total transaction of £25,107.17 ($31,490.24). Insiders own 10.69% of the company’s stock.

On the Beach Group Company Profile

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.