On the Beach Group (LON:OTB) Trading Down 20.8% - Here's Why

Key Points

• On the Beach Group's stock price dropped by 20.8%, trading as low as GBX 203 ($2.75) on Wednesday, significantly down from its previous close of GBX 257.50 ($3.48).
• The company experienced a remarkable increase in trading volume, with 22.4 million shares exchanged, up 2,488% from the average session volume.
• On the Beach Group, a leading UK online holiday specialist, has a current market cap of £320.77 million and a very high price-to-earnings ratio of 2,228.26.

On the Beach Group plc (LON:OTB - ) traded down 20.8% during mid-day trading on Wednesday . The stock traded as low as GBX 203 ($2.75) and last traded at GBX 203.90 ($2.76). 22,435,270 shares were traded during trading, an increase of 2,488% from the average session volume of 866,890 shares. The stock had previously closed at GBX 257.50 ($3.48).

On the Beach Group Trading Down 20.4%

The company has a fifty day simple moving average of GBX 275.28 and a 200-day simple moving average of GBX 264.85. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53. The stock has a market cap of £320.77 million, a price-to-earnings ratio of 2,228.26, a P/E/G ratio of 0.71 and a beta of 2.42.

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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