Hostelworld Group (LON:HSW) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 111.74 and traded as low as GBX 110. Hostelworld Group shares last traded at GBX 111.50, with a volume of 407,573 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 171 price objective on shares of Hostelworld Group in a report on Friday, May 15th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 205 target price on shares of Hostelworld Group in a research note on Wednesday, May 27th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Hostelworld Group in a report on Thursday, March 26th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 196.83.

Hostelworld Group Price Performance

The stock has a market cap of £137.47 million, a PE ratio of 20.50 and a beta of 0.73. The business has a fifty day simple moving average of GBX 108.44 and a two-hundred day simple moving average of GBX 111.74. The company has a current ratio of 0.91, a quick ratio of 1.20 and a debt-to-equity ratio of 20.11.

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.