On the Beach Group (LON:OTB) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

On the Beach Group plc (LON:OTB)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 221.35 ($2.76) and traded as high as GBX 258.35 ($3.23). On the Beach Group shares last traded at GBX 256.50 ($3.20), with a volume of 526,984 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OTB shares. Berenberg Bank restated a “buy” rating and set a GBX 180 ($2.25) price target on shares of On the Beach Group in a research report on Tuesday, October 15th. Canaccord Genuity Group dropped their target price on shares of On the Beach Group from GBX 220 ($2.75) to GBX 187 ($2.33) and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Shore Capital restated a “buy” rating on shares of On the Beach Group in a research report on Wednesday, December 4th.

On the Beach Group Price Performance

The business’s 50-day simple moving average is GBX 221.35 and its 200 day simple moving average is GBX 172.79. The firm has a market capitalization of £428.33 million, a P/E ratio of 2,850.00, a PEG ratio of 0.71 and a beta of 2.42. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 34.49.

On the Beach Group (LON:OTB) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 14.10 ($0.18) earnings per share (EPS) for the quarter. On the Beach Group had a net margin of 8.65% and a return on equity of 9.78%. Sell-side analysts forecast 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 given a GBX 2.10 ($0.03) dividend. This represents a dividend yield of 1.02%. This is a positive change from On the Beach Group’s previous dividend of $0.90. The ex-dividend date is Thursday, January 30th. On the Beach Group’s payout ratio is presently 1,111.11%.

Insider Activity at On the Beach Group

In other On the Beach Group news, insider Simon Cooper purchased 3,000,000 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of GBX 228 ($2.85) per share, with a total value of £6,840,000 ($8,540,392.06). Also, insider Shaun Morton purchased 12,013 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of GBX 209 ($2.61) per share, for a total transaction of £25,107.17 ($31,348.70). 10.69% of the stock is owned by corporate insiders.

About On the Beach Group

On the Beach is one of the UK’s leading online retailers of beach holidays and has a 20%+ share of online sales in the short haul beach holiday market. Our vision is to build Europe’s leading beach holiday retailer via a single platform, multi-brand strategy. We’re totally focused on making it easy for people to find, book and enjoy their perfect beach holiday.

We were one of the first online travel agents in the UK to offer complete financial protection, meaning every flight-inclusive package is ATOL-protected.