On the Beach Group (LON:OTB) Share Price Passes Below Fifty Day Moving Average – What’s Next?

On the Beach Group plc (LON:OTB) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 242.51 ($3.14) and traded as low as GBX 230.50 ($2.99). On the Beach Group shares last traded at GBX 232.62 ($3.02), with a volume of 7,879,231 shares.

Analyst Upgrades and Downgrades

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

On the Beach Group Stock Down 1.1 %

The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 1.53. The firm’s 50 day simple moving average is GBX 242.33 and its two-hundred day simple moving average is GBX 199.44. The firm has a market cap of £376.69 million, a price-to-earnings ratio of 25.35, a PEG ratio of 0.71 and a beta of 2.42.

On the Beach Group Increases Dividend

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

Insiders Place Their Bets

In other On the Beach Group news, insider Shaun Morton sold 45,054 shares of On the Beach Group stock in a transaction dated Monday, March 10th. The shares were sold at an average price of GBX 228 ($2.96), for a total value of £102,723.12 ($133,199.07). 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.

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.