Hostelworld Group plc (LON:HSW - Get Free Report) dropped 12.4% during mid-day trading on Thursday . The company traded as low as GBX 123.41 ($1.68) and last traded at GBX 124 ($1.69). Approximately 247,626 shares traded hands during trading, an increase of 24% from the average daily volume of 199,161 shares. The stock had previously closed at GBX 141.50 ($1.92).
Wall Street Analysts Forecast Growth
HSW has been the subject of a number of analyst reports. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 247 ($3.36) price objective on shares of Hostelworld Group in a report on Friday, March 21st. Shore Capital restated a "buy" rating on shares of Hostelworld Group in a report on Thursday.
Get Our Latest Research Report on Hostelworld Group
Hostelworld Group Trading Down 11.0%
The stock's 50 day simple moving average is GBX 123.22 and its two-hundred day simple moving average is GBX 124.77. 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 stock has a market capitalization of £189.71 million, a PE ratio of 12.90 and a beta of 1.90.
Insider Buying and Selling
In other Hostelworld Group news, insider Gary Morrison sold 382,197 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of GBX 111 ($1.51), for a total value of £424,238.67 ($576,567.91). Also, insider Caroline Sherry sold 207,864 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of GBX 111 ($1.51), for a total transaction of £230,729.04 ($313,575.75). Corporate insiders own 15.28% of the company's stock.
About Hostelworld Group
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hostelworld Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hostelworld Group wasn't on the list.
While Hostelworld Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
