On the Beach Group (LON:OTB) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of On the Beach Group plc (LON:OTBGet Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 241.81 ($3.13) and traded as high as GBX 248.50 ($3.22). On the Beach Group shares last traded at GBX 228 ($2.95), with a volume of 291,896 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of On the Beach Group in a research note on Tuesday, February 25th.

View Our Latest Stock Analysis on OTB

On the Beach Group Price Performance

The company’s 50-day moving average is GBX 241.81 and its 200-day moving average is GBX 203.17. The firm has a market capitalization of £370.19 million, a price-to-earnings ratio of 24.91, a PEG ratio of 0.71 and a beta of 2.42. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.37 and a quick ratio of 0.83.

On the Beach Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Stockholders of record on Thursday, January 30th were issued a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.02%. This is an increase from On the Beach Group’s previous dividend of $0.90. The ex-dividend date was Thursday, January 30th. On the Beach Group’s dividend payout ratio is presently 10.93%.

Insider Buying and Selling at On the Beach Group

In other On the Beach Group news, insider Shaun Morton acquired 765 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of GBX 235 ($3.04) per share, with a total value of £1,797.75 ($2,326.88). 10.69% of the stock is owned by company insiders.

About On the Beach Group

(Get Free Report)

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.

Our innovative technology, low-cost base and strong customer-value proposition provides a structural challenge to legacy tour operators and online travel agents, as we continue disrupting the market.

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