Hostelworld Group (LON:HSW) Stock Passes Below 50 Day Moving Average - Time to Sell?

Key Points

• Hostelworld Group's share price fell below its fifty-day moving average of GBX 122.87, trading as low as GBX 115.50 during Monday's session.
• A consensus of analysts maintains a "Buy" rating for Hostelworld Group, with price targets set at GBX 215 from Deutsche Bank and GBX 200 from Canaccord Genuity.
• Hostelworld Group operates as an online travel agent primarily for hostels, offering various services including software and marketing planning for accommodation bookings.

Hostelworld Group plc (LON:HSW - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 122.87 ($1.67) and traded as low as GBX 115.50 ($1.57). Hostelworld Group shares last traded at GBX 116 ($1.58), with a volume of 203,376 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HSW. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 215 price objective on shares of Hostelworld Group in a research report on Thursday, July 31st. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 200 price objective on shares of Hostelworld Group in a research report on Monday, August 4th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Hostelworld Group in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 220.67.

Hostelworld Group Stock Performance

The stock has a 50 day simple moving average of GBX 121.72 and a 200 day simple moving average of GBX 120.93. The company has a market cap of £147.33 million, a price-to-earnings ratio of 1,983.05 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.

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.