Hostelworld Group (LON:HSW) Shares Cross Below 50 Day Moving Average of $146.94

Hostelworld Group plc (LON:HSW) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 146.94 ($1.93) and traded as low as GBX 142 ($1.87). Hostelworld Group shares last traded at GBX 145 ($1.91), with a volume of 8,182 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 215 ($2.83) target price on shares of Hostelworld Group in a research note on Monday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 247 ($3.25) price objective on shares of Hostelworld Group in a research note on Thursday, July 18th. Finally, Shore Capital reiterated a “buy” rating on shares of Hostelworld Group in a report on Friday, July 5th.

Hostelworld Group Price Performance

The stock has a 50 day moving average of GBX 146.58 and a two-hundred day moving average of GBX 154.34. 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 firm has a market capitalization of £181.24 million, a P/E ratio of 1,450.00 and a beta of 1.90.

About Hostelworld Group

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.