Hostelworld Group (LON:HSW) Shares Pass Below 50-Day Moving Average – Here’s Why

Hostelworld Group plc (LON:HSW)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 133.93 ($1.67) and traded as low as GBX 129 ($1.60). Hostelworld Group shares last traded at GBX 131.50 ($1.64), with a volume of 42,295 shares traded.

Wall Street Analysts Forecast Growth

HSW has been the topic of several recent research reports. Shore Capital restated a “buy” rating on shares of Hostelworld Group in a research report on Tuesday, January 14th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 247 ($3.07) price objective on shares of Hostelworld Group in a research report on Tuesday, October 15th.

Hostelworld Group Trading Down 0.4 %

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 50-day simple moving average of GBX 133.93 and a 200 day simple moving average of GBX 136.85. The firm has a market cap of £163.74 million, a PE ratio of 1,310.00 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.