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

Hostelworld Group plc (LON:HSW) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 134.68 ($1.66) and traded as low as GBX 132 ($1.63). Hostelworld Group shares last traded at GBX 134 ($1.65), with a volume of 155,083 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HSW shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 247 ($3.05) target price on shares of Hostelworld Group in a research report on Tuesday, October 15th. Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a research report on Tuesday, January 14th.

Hostelworld Group Trading Up 1.5 %

The firm has a market capitalization of £169.99 million, a P/E ratio of 1,360.00 and a beta of 1.90. The business has a 50-day moving average price of GBX 134.68 and a 200-day moving average price of GBX 138.80. 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.