On the Beach Group (LON:OTB) Shares Down 5.4% - Here's Why

Key Points

• On the Beach Group's shares fell by 5.4% to GBX 270.50 ($3.63), with trading volume increasing by 179% compared to the average daily volume.
• Insider transactions included Victoria Self buying 3,500 shares and Justine Greening purchasing 7,483 shares at GBX 266 and GBX 265 per share, respectively.
• The company boasts a market cap of £430.30 million, a high P/E ratio of 2,989.13, and has been a significant player in the UK online holiday booking market since its founding in 2004.

On the Beach Group plc (LON:OTB - ) shares dropped 5.4% during mid-day trading on Friday . The stock traded as low as GBX 259.90 ($3.49) and last traded at GBX 270.50 ($3.63). Approximately 2,048,802 shares traded hands during mid-day trading, an increase of 179% from the average daily volume of 733,833 shares. The stock had previously closed at GBX 286 ($3.84).

On the Beach Group Trading Up 1.7%

The company has a 50-day simple moving average of GBX 283.30 and a 200-day simple moving average of GBX 261.73. 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 £430.30 million, a P/E ratio of 2,989.13, a P/E/G ratio of 0.71 and a beta of 2.42.

Insiders Place Their Bets

In other news, insider Victoria Self bought 3,500 shares of the company's stock in a transaction dated Monday, June 16th. The stock was bought at an average price of GBX 266 per share, for a total transaction of £9,310. Also, insider Justine Greening bought 7,483 shares of the company's stock in a transaction dated Friday, June 13th. The shares were purchased at an average price of GBX 265 per share, with a total value of £19,829.95. Insiders own 8.34% of the company's stock.

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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