Hostelworld Group (LON:HSW) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of 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 124.73 and traded as low as GBX 124. Hostelworld Group shares last traded at GBX 124, with a volume of 183,988 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 200 target price on shares of Hostelworld Group in a research note on Friday, October 10th. Peel Hunt reissued a “buy” rating and set a GBX 160 target price on shares of Hostelworld Group in a report on Wednesday, October 15th. Shore Capital restated a “buy” rating on shares of Hostelworld Group in a research note on Tuesday, October 21st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 price target on shares of Hostelworld Group in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 201.

Hostelworld Group Trading Down 0.3%

The firm has a market capitalization of £155.75 million, a P/E ratio of 21.12 and a beta of 1.90. The company has a quick ratio of 1.20, a current ratio of 0.43 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of GBX 124.90 and a 200-day moving average of GBX 123.02.

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.