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

Key Points

• On the Beach Group saw its stock price drop by 20.4% on Wednesday, trading as low as GBX 203 ($2.73) and closing at GBX 205 ($2.76).
• Approximately 60 million shares were traded, representing a significant increase of 5,522% compared to the average daily volume.
• The company's current market capitalization stands at £320.77 million with a notably high price-to-earnings ratio of 2,228.26.

Shares of On the Beach Group plc (LON:OTB - ) were down 20.4% during 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 changed hands during mid-day 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 Stock Performance

The stock has a 50-day moving average of GBX 273.48 and a 200 day moving average of GBX 264.44. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83. The stock 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.

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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