Hostelworld Group (LON:HSW) Shares Cross Above 50 Day Moving Average - What's Next?

Hostelworld Group plc (LON:HSW - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 134.12 ($1.70) and traded as high as GBX 140 ($1.78). Hostelworld Group shares last traded at GBX 136.50 ($1.73), with a volume of 76,507 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Shore Capital restated a "buy" rating on shares of Hostelworld Group in a research report on Wednesday, October 23rd. Canaccord Genuity Group restated a "buy" rating and set a GBX 247 ($3.13) price objective on shares of Hostelworld Group in a research report on Tuesday, October 15th.

Hostelworld Group Stock Performance

The company's 50-day simple moving average is GBX 134.23 and its 200-day simple moving average is GBX 143.03. The stock has a market capitalization of £167.49 million, a price-to-earnings ratio of 1,340.00 and a beta of 1.90. The company has a current ratio of 0.43, a quick ratio of 1.20 and a debt-to-equity ratio of 0.81.

Hostelworld Group Company Profile

Hostelworld Group plc operates as an online travel agent focused on the hostel market worldwide. It offers software and data processing services that facilitate hostel, B&B, hotel, and other accommodation bookings. The company also provides business information consulting and marketing planning services; and marketing and research and development services, as well as management services.