On the Beach Group (LON:OTB) Stock Passes Above 50 Day Moving Average of $143.28

On the Beach Group plc (LON:OTB) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 143.28 ($1.85) and traded as high as GBX 147.20 ($1.90). On the Beach Group shares last traded at GBX 146.40 ($1.89), with a volume of 123,652 shares traded.

Wall Street Analyst Weigh In

OTB has been the subject of several analyst reports. Berenberg Bank downgraded shares of On the Beach Group to a “buy” rating and set a GBX 180 ($2.33) price objective for the company. in a research note on Tuesday, May 28th. Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Tuesday, May 14th.

On the Beach Group Trading Up 1.4 %

The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 2.68. The firm has a market cap of £244.46 million, a P/E ratio of 2,440.00, a P/E/G ratio of 0.71 and a beta of 2.38. The company’s 50 day simple moving average is GBX 143.28 and its 200-day simple moving average is GBX 149.03.

On the Beach Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were paid a dividend of GBX 0.90 ($0.01) per share. This represents a dividend yield of 0.54%. The ex-dividend date was Thursday, May 30th. On the Beach Group’s dividend payout ratio is presently 5,000.00%.

About On the Beach Group

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.