Hostelworld Group (LON:HSW) Stock Passes Below 50-Day Moving Average – Here’s What Happened

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 136.87 ($1.78) and traded as low as GBX 129.41 ($1.68). Hostelworld Group shares last traded at GBX 134 ($1.74), with a volume of 19,325 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HSW. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 215 ($2.80) target price on shares of Hostelworld Group in a research note on Monday, August 12th. Shore Capital reissued a “buy” rating on shares of Hostelworld Group in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 247 ($3.22) target price on shares of Hostelworld Group in a report on Tuesday, October 15th.

Hostelworld Group Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 0.43 and a quick ratio of 1.20. The company has a market capitalization of £166.24 million, a PE ratio of 1,334.00 and a beta of 1.90. The company has a 50-day moving average of GBX 136.64 and a two-hundred day moving average of GBX 147.18.

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.