Hostelworld Group (LON:HSW) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Hostelworld Group plc (LON:HSW)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 117.04 and traded as low as GBX 107.50. Hostelworld Group shares last traded at GBX 108, with a volume of 178,940 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “buy” rating on shares of Hostelworld Group in a report on Thursday, January 15th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 201.

Hostelworld Group Stock Up 0.9%

The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81. The firm has a market cap of £135.04 million, a price-to-earnings ratio of 18.47 and a beta of 1.90. The firm’s 50 day simple moving average is GBX 117.04 and its two-hundred day simple moving average is GBX 120.33.

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.