Hostelworld Group (LON:HSW) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 122.25 ($1.64) and traded as low as GBX 111.50 ($1.50). Hostelworld Group shares last traded at GBX 121.50 ($1.63), with a volume of 160,218 shares traded.

Analyst Ratings Changes

HSW has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 215 price objective on shares of Hostelworld Group in a research note on Thursday, July 31st. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Hostelworld Group in a research note on Monday, August 4th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Hostelworld Group in a research note on Wednesday, July 30th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 220.67.

Hostelworld Group Stock Performance

The firm’s 50 day moving average is GBX 125.70 and its 200 day moving average is GBX 122.25. The company has a market cap of £182.94 million, a PE ratio of 12.44 and a beta of 1.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.43 and a quick ratio of 1.20.

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.