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On the Beach Group (LON:OTB) Shares Down 20.4% - Time to Sell?

On the Beach Group logo with Consumer Cyclical background

Key Points

  • On the Beach Group's shares experienced a significant drop of 20.4% during mid-day trading, hitting a low of GBX 203 ($2.73).
  • The stock had an unusually high trading volume of approximately 60.2 million shares, which is a 5,522% increase from its average daily volume.
  • Despite the recent decline, On the Beach Group continues to position itself as a major player in the UK online holiday market, with a market capitalization of £320.77 million.
  • Interested in On the Beach Group? Here are five stocks we like better.

Shares of On the Beach Group plc (LON:OTB - Get Free Report) were down 20.4% during mid-day trading on Wednesday . The company traded as low as GBX 203 ($2.73) and last traded at GBX 205 ($2.76). 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 ($3.46).

On the Beach Group Price Performance

The stock's 50-day moving average price is GBX 273.48 and its 200-day moving average price is GBX 264.44. The company has a market capitalization of £320.77 million, a price-to-earnings ratio of 2,228.26, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53.

On the Beach Group Company Profile

(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.

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