Hostelworld Group (LON:HSW) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Hostelworld Group plc (LON:HSW) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 128.33 ($1.66) and traded as high as GBX 129.50 ($1.68). Hostelworld Group shares last traded at GBX 127 ($1.64), with a volume of 8,336 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HSW. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 247 ($3.20) price target on shares of Hostelworld Group in a research note on Friday, March 21st. Shore Capital restated a “buy” rating on shares of Hostelworld Group in a research report on Thursday, March 20th.

Hostelworld Group Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 0.43 and a quick ratio of 1.20. The stock has a market cap of £191.22 million, a price-to-earnings ratio of 13.00 and a beta of 1.90. The firm has a 50 day simple moving average of GBX 128.33 and a two-hundred day simple moving average of GBX 132.70.

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.