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On the Beach Group (LON:OTB) Shares Cross Above Two Hundred Day Moving Average - Here's Why

On the Beach Group logo with Consumer Cyclical background

Shares of On the Beach Group plc (LON:OTB - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 220.37 ($2.93) and traded as high as GBX 267.50 ($3.55). On the Beach Group shares last traded at GBX 265.01 ($3.52), with a volume of 532,298 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a "buy" rating on shares of On the Beach Group in a research note on Tuesday, February 25th.

Read Our Latest Stock Report on OTB

On the Beach Group Stock Performance

The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37. The company's 50 day moving average price is GBX 238.48 and its 200-day moving average price is GBX 220.67. The stock has a market cap of £438.39 million, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Thursday, January 30th were paid a GBX 2.10 ($0.03) dividend. This is a positive change from On the Beach Group's previous dividend of $0.90. The ex-dividend date of this dividend was Thursday, January 30th. This represents a yield of 1.02%. On the Beach Group's dividend payout ratio (DPR) is 10.93%.

Insiders Place Their Bets

In other On the Beach Group news, insider Shaun Morton bought 676 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were bought at an average cost of GBX 266 ($3.53) per share, for a total transaction of £1,798.16 ($2,388.95). Insiders own 10.69% of the company's stock.

About On the Beach Group

(Get Free Report)

On the Beach is one of the UK's largest online package holiday specialists with significant opportunities for growth. Founded in 2004 and listed on the London Stock Exchange in 2015, today over 1.7 million customers find, book and enjoy their perfect package holiday with us every single year. Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.

See Also

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