On the Beach Group (LON:OTB) Shares Down 15.5% - Time to Sell?

Key Points

• On the Beach Group's shares fell by 15.5%, trading as low as GBX 206 ($2.79) before closing at GBX 217.56 ($2.94).
• The company has a market capitalization of £341.19 million with a high P/E ratio of 2,370.11, indicating potential concerns about its valuation.
• Despite the decline in stock price, On the Beach Group is recognized as one of the UK's largest online package holiday specialists, serving over 1.7 million customers annually.

On the Beach Group plc (LON:OTB - ) traded down 15.5% during trading on Wednesday . The stock traded as low as GBX 206 ($2.79) and last traded at GBX 217.56 ($2.94). 18,301,980 shares were traded during trading, an increase of 2,067% from the average session volume of 844,548 shares. The stock had previously closed at GBX 257.50 ($3.48).

On the Beach Group Stock Performance

The firm has a market capitalization of £341.19 million, a PE ratio of 2,370.11, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The firm has a fifty day moving average price of GBX 275.28 and a 200 day moving average price of GBX 264.85.

On the Beach Group Company Profile

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.

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