On the Beach Group (LON:OTB) Share Price Passes Below Fifty Day Moving Average - Here's Why

Key Points

• On the Beach Group's stock (LON:OTB) has dropped below its 50-day moving average of GBX 279.64 ($3.79), trading as low as GBX 270 ($3.66) recently.
• The company's quarterly earnings reported an EPS of GBX 3.70 ($0.05), with analysts predicting EPS of approximately 17.33 for the current fiscal year.
• Insiders have been actively purchasing shares, with notable acquisitions made by Victoria Self and Justine Greening at prices around GBX 265-266 ($3.59-$3.61), indicating potential confidence in the company's future.

On the Beach Group plc (LON:OTB - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 279.64 ($3.76) and traded as low as GBX 270 ($3.63). On the Beach Group shares last traded at GBX 277.50 ($3.73), with a volume of 366,503 shares trading hands.

On the Beach Group Trading Up 2.3%

The company has a market capitalization of £468.43 million, a price-to-earnings ratio of 31.53, a P/E/G ratio of 0.71 and a beta of 2.42. The company has a 50-day moving average price of GBX 279.54 and a 200-day moving average price of GBX 259.29. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 1.53.

Insider Buying and Selling at On the Beach Group

In other On the Beach Group news, insider Victoria Self bought 3,500 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of GBX 266 per share, for a total transaction of £9,310. Also, insider Justine Greening bought 7,483 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of GBX 265 per share, with a total value of £19,829.95. Company insiders own 10.69% of the company's stock.

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.