Hostelworld Group (LON:HSW) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Hostelworld Group plc (LON:HSW)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 128.33 ($1.66) and traded as high as GBX 129.50 ($1.68). Hostelworld Group shares last traded at GBX 127 ($1.64), with a volume of 8,336 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 247 ($3.20) target price on shares of Hostelworld Group in a research report on Friday, March 21st. Shore Capital reiterated a “buy” rating on shares of Hostelworld Group in a report on Thursday, March 20th.

Hostelworld Group Stock Down 0.4 %

The business has a 50 day simple moving average of GBX 128.33 and a 200-day simple moving average of GBX 132.78. 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 £191.22 million, a price-to-earnings ratio of 13.00 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.