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

Key Points

• On the Beach Group's shares experienced a significant decline of 20.4%, closing at GBX 205 ($2.76) after trading as low as GBX 203 ($2.73).
• Trading volume surged to 60,220,715 shares, marking an increase of 5,522% compared to the average session volume.
• The company's current market cap is £320.77 million, with a notably high price-to-earnings ratio of 2,228.26.

On the Beach Group plc (LON:OTB - )'s stock price traded down 20.4% on Wednesday . The company traded as low as GBX 203 ($2.73) and last traded at GBX 205 ($2.76). 60,220,715 shares changed hands during trading, an increase of 5,522% from the average session volume of 1,071,135 shares. The stock had previously closed at GBX 257.50 ($3.46).

On the Beach Group Stock Performance

The stock has a market cap 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's 50-day simple moving average is GBX 275.28 and its 200-day simple moving average is GBX 264.85. 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

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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