On the Beach Group (LON:OTB) Shares Down 6.5% – Here’s What Happened

On the Beach Group plc (LON:OTB) shares traded down 6.5% during mid-day trading on Friday . The stock traded as low as GBX 264.50 ($3.60) and last traded at GBX 267.75 ($3.65). 1,827,312 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 846,599 shares. The stock had previously closed at GBX 286.50 ($3.90).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research report on Tuesday, February 25th.

On the Beach Group Stock Performance

The company has a market capitalization of £425.40 million, a PE ratio of 28.63, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53. The business’s fifty day moving average is GBX 260.39 and its two-hundred day moving average is GBX 243.94.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, May 13th. The company reported GBX 3.70 ($0.05) earnings per share (EPS) for the quarter. On the Beach Group had a return on equity of 8.73% and a net margin of 8.66%. Equities research analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

Insider Buying and Selling at On the Beach Group

In other news, insider Shaun Morton acquired 676 shares of the business’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was bought at an average price of GBX 266 ($3.62) per share, with a total value of £1,798.16 ($2,448.14). Company insiders own 10.69% of the company’s stock.

About On the Beach Group

On the Beach is one of the UK’s largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.