On the Beach Group (LON:OTB) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

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 221.35 ($2.76) and traded as high as GBX 258.35 ($3.22). On the Beach Group shares last traded at GBX 256.50 ($3.20), with a volume of 526,984 shares.

Wall Street Analyst Weigh In

OTB has been the topic of several recent analyst reports. Canaccord Genuity Group cut their price objective on On the Beach Group from GBX 220 ($2.75) to GBX 187 ($2.33) and set a “buy” rating on the stock in a report on Wednesday, October 16th. Shore Capital restated a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 180 ($2.25) price objective on shares of On the Beach Group in a research note on Tuesday, October 15th.

On the Beach Group Stock Performance

The stock has a market capitalization of £428.33 million, a PE ratio of 2,850.00, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 34.49, a quick ratio of 0.83 and a current ratio of 1.20. The firm has a 50 day moving average of GBX 223.34 and a 200-day moving average of GBX 173.58.

On the Beach Group (LON:OTB) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) EPS for the quarter. On the Beach Group had a net margin of 8.65% and a return on equity of 9.78%. Research analysts forecast that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

On the Beach Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be paid a GBX 2.10 ($0.03) dividend. The ex-dividend date is Thursday, January 30th. This is an increase from On the Beach Group’s previous dividend of $0.90. This represents a dividend yield of 1.02%. On the Beach Group’s dividend payout ratio is 1,111.11%.

Insider Activity at On the Beach Group

In other On the Beach Group news, insider Simon Cooper bought 3,000,000 shares of On the Beach Group stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of GBX 228 ($2.85) per share, for a total transaction of £6,840,000 ($8,538,259.89). Also, insider Shaun Morton purchased 12,013 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of GBX 209 ($2.61) per share, for a total transaction of £25,107.17 ($31,340.87). Insiders own 10.69% of the company’s stock.

About On the Beach Group

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.