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

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 125.59 ($1.60) and traded as low as GBX 110 ($1.41). Hostelworld Group shares last traded at GBX 111 ($1.42), with a volume of 1,311,880 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on HSW shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 247 ($3.16) price objective on shares of Hostelworld Group in a research note on Friday, March 21st. Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a report on Thursday, March 20th.

Hostelworld Group Trading Down 0.9 %

The company has a market capitalization of £165.62 million, a price-to-earnings ratio of 11.26 and a beta of 1.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.20 and a current ratio of 0.43. The business’s 50-day simple moving average is GBX 125.59 and its 200-day simple moving average is GBX 131.22.

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.