On the Beach Group (LON:OTB) Trading Down 5.4% - Here's What Happened

Key Points

• On the Beach Group plc (LON:OTB) experienced a significant decline of 5.4% in its stock price, trading down to GBX 270.50 ($3.63) after reaching a low of GBX 259.90 ($3.49).
• The company reported a 179% increase in trading volume, with 2,048,802 shares exchanged compared to an average of 733,833 shares.
• Insider purchases were noted, with Justine Greening and Victoria Self acquiring shares at an average price of around GBX 265-266, indicating insider confidence in the stock.

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

On the Beach Group Stock Performance

The firm has a market capitalization of £423.26 million, a P/E ratio of 2,940.22, a price-to-earnings-growth ratio of 0.71 and a beta of 2.42. The stock has a 50-day moving average of GBX 283.30 and a 200 day 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.

Insider Buying and Selling

In other news, insider Justine Greening acquired 7,483 shares of the firm's stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of GBX 265 per share, for a total transaction of £19,829.95. Also, insider Victoria Self acquired 3,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was purchased at an average price of GBX 266 per share, for a total transaction of £9,310. 8.34% of the stock is owned by corporate insiders.

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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