On the Beach Group (LON:OTB) Stock Passes Below Fifty Day Moving Average of $170.34

On the Beach Group plc (LON:OTB – Get Rating)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 170.34 ($2.08) and traded as low as GBX 150.41 ($1.83). On the Beach Group shares last traded at GBX 155 ($1.89), with a volume of 371,406 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on OTB. Numis Securities reiterated a “buy” rating and issued a GBX 260 ($3.17) price objective on shares of On the Beach Group in a research report on Friday, January 27th. Davy Research raised On the Beach Group to an “outperform” rating in a report on Thursday, February 9th.

On the Beach Group Price Performance

The stock has a market capitalization of £258.23 million, a P/E ratio of 15,500.00, a price-to-earnings-growth ratio of 0.71 and a beta of 2.34. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.83 and a current ratio of 1.39. The firm has a 50-day moving average price of GBX 170.34 and a 200 day moving average price of GBX 138.25.

Insider Buying and Selling at On the Beach Group

In other news, insider Shaun Morton sold 30,766 shares of the company’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of GBX 151 ($1.84), for a total value of £46,456.66 ($56,619.94). Company insiders own 6.26% of the company’s stock.

About On the Beach Group

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On the Beach Group plc operates as an online retailer of short-haul beach holidays under the On the Beach brand name. It operates through four segments: OTB, International, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.