Hostelworld Group (LON:HSW) Stock Crosses Below 50-Day Moving Average – What’s Next?

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 136.87 ($1.78) and traded as low as GBX 129.41 ($1.68). Hostelworld Group shares last traded at GBX 134 ($1.74), with a volume of 19,325 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 247 ($3.22) price objective on shares of Hostelworld Group in a report on Tuesday, October 15th. Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 215 ($2.80) price objective on shares of Hostelworld Group in a report on Monday, August 12th.

Hostelworld Group Trading Down 0.4 %

The company has a quick ratio of 1.20, a current ratio of 0.43 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is GBX 136.87 and its two-hundred day moving average is GBX 147.28. The stock has a market cap of £166.86 million, a price-to-earnings ratio of 1,340.00 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.