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.
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