Hostelworld Group (LON:HSW) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Hostelworld Group plc (LON:HSW)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 111.74 and traded as low as GBX 110. Hostelworld Group shares last traded at GBX 111.50, with a volume of 407,573 shares changing hands.

Wall Street Analysts Forecast Growth

HSW has been the topic of several recent research reports. Shore Capital Group reaffirmed a “buy” rating on shares of Hostelworld Group in a report on Thursday, March 26th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 205 price target on shares of Hostelworld Group in a research note on Wednesday, May 27th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 171 price objective on shares of Hostelworld Group in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 196.83.

Hostelworld Group Stock Performance

The business’s fifty day simple moving average is GBX 108.44 and its 200-day simple moving average is GBX 111.74. The firm has a market cap of £137.47 million, a P/E ratio of 20.50 and a beta of 0.73. The company has a current ratio of 0.91, a quick ratio of 1.20 and a debt-to-equity ratio of 20.11.

About Hostelworld Group

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. In addition, it engages in the technology trading business. The company was founded in 1999 and is based in Dublin, Ireland.