On the Beach Group (LON:OTB) Shares Down 20.4% - Here's What Happened

Key Points

• On the Beach Group plc shares fell by 20.4% during mid-day trading, reaching as low as GBX 203 ($2.75) from a previous close of GBX 257.50 ($3.48).
• The company experienced a significant increase in trading volume, with around 60.2 million shares traded, marking a 5,522% jump compared to its average daily volume.
• Despite the sharp decline, On the Beach Group remains a major player in the UK online holiday package market, boasting a customer base of over 1.7 million annually.

On the Beach Group plc (LON:OTB - ) dropped 20.4% during mid-day trading on Wednesday . The company traded as low as GBX 203 ($2.75) and last traded at GBX 205 ($2.77). Approximately 60,220,715 shares traded hands during trading, an increase of 5,522% from the average daily volume of 1,071,135 shares. The stock had previously closed at GBX 257.50 ($3.48).

On the Beach Group Stock Performance

The business's fifty day moving average price is GBX 275.28 and its 200-day moving average price is GBX 264.85. 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 stock has a market cap of £320.77 million, a PE ratio of 2,228.26, a P/E/G ratio of 0.71 and a beta of 2.42.

About On the Beach Group

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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