On the Beach Group (LON:OTB) Shares Pass Below 50-Day Moving Average – Here’s What Happened

On the Beach Group plc (LON:OTB) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 248.33 ($3.13) and traded as low as GBX 235.50 ($2.97). On the Beach Group shares last traded at GBX 237.50 ($3.00), with a volume of 3,257,493 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of On the Beach Group in a report on Wednesday, December 4th.

On the Beach Group Trading Up 0.6 %

The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.83 and a current ratio of 1.37. The company has a market capitalization of £388.05 million, a P/E ratio of 26.12, a PEG ratio of 0.71 and a beta of 2.42. The company’s fifty day simple moving average is GBX 248.33 and its 200-day simple moving average is GBX 188.97.

On the Beach Group (LON:OTB) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) earnings per share for the quarter. On the Beach Group had a net margin of 8.66% and a return on equity of 8.73%. Research analysts predict that On the Beach Group plc will post 17.3349938 earnings per share for the current year.

On the Beach Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th will be issued a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from On the Beach Group’s previous dividend of $0.90. This represents a dividend yield of 1.02%. On the Beach Group’s dividend payout ratio (DPR) is currently 10.93%.

Insider Transactions at On the Beach Group

In other news, insider Simon Cooper acquired 3,000,000 shares of On the Beach Group stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of GBX 228 ($2.88) per share, for a total transaction of £6,840,000 ($8,632,004.04). Also, insider Shaun Morton bought 12,013 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of GBX 209 ($2.64) per share, with a total value of £25,107.17 ($31,684.97). Corporate insiders own 10.69% of the company’s stock.

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.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package holiday we sell is ATOL-protected, giving our customers confidence and peace of mind.