Hostelworld Group (LON:HSW) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Hostelworld Group plc (LON:HSW) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 123.20 and traded as low as GBX 117. Hostelworld Group shares last traded at GBX 117.50, with a volume of 71,966 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on HSW. Liberum Capital restated a “buy” rating and set a GBX 200 price target on shares of Hostelworld Group in a research note on Friday, October 10th. Peel Hunt reiterated a “buy” rating and set a GBX 160 target price on shares of Hostelworld Group in a report on Wednesday, October 15th. Finally, Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a research report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 201.

Hostelworld Group Price Performance

The firm has a market capitalization of £146.57 million, a price-to-earnings ratio of 20.00 and a beta of 1.90. The stock’s fifty day moving average price is GBX 123.20 and its two-hundred day moving average price is GBX 122.58. The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81.

Hostelworld Group Company Profile

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. In addition, it engages in the technology trading business. The company was founded in 1999 and is based in Dublin, Ireland.