Hostelworld Group (LON:HSW) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 139.22 ($1.81) and traded as low as GBX 129 ($1.67). Hostelworld Group shares last traded at GBX 129 ($1.67), with a volume of 82,648 shares changing hands.

Analysts Set New Price Targets

HSW has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 215 ($2.79) target price on shares of Hostelworld Group in a research report on Monday, August 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 247 ($3.20) target price on shares of Hostelworld Group in a research report on Tuesday, October 15th. Finally, Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a research report on Wednesday, October 23rd.

Hostelworld Group Stock Up 0.4 %

The firm has a market capitalization of £161.86 million, a price-to-earnings ratio of 1,290.00 and a beta of 1.90. The business’s fifty day moving average price is GBX 139.22 and its 200 day moving average price is GBX 148.54. The company has a current ratio of 0.43, a quick ratio of 1.20 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.