Hostelworld Group (LON:HSW) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 123.20 and traded as low as GBX 117. Hostelworld Group shares last traded at GBX 117.50, with a volume of 71,966 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on HSW. Peel Hunt reiterated a “buy” rating and issued a GBX 160 price target on shares of Hostelworld Group in a research note on Wednesday, October 15th. Shore Capital reiterated a “buy” rating on shares of Hostelworld Group in a research note on Thursday, January 15th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 200 price target on shares of Hostelworld Group in a report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 201.

Hostelworld Group Trading Up 0.4%

The business’s 50 day moving average price is GBX 122.90 and its 200-day moving average price is GBX 122.26. The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. The company has a market cap of £146.57 million, a price-to-earnings ratio of 20.00 and a beta of 1.90.

Hostelworld Group Company Profile

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. In addition, it engages in the technology trading business. The company was founded in 1999 and is based in Dublin, Ireland.