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

Shares of On the Beach Group plc (LON:OTB) crossed below its 50-day moving average during trading on Monday . The stock has a 50-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 traded.

Wall Street Analyst Weigh In

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

On the Beach Group Trading Up 0.6 %

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 stock has a 50-day simple moving average of GBX 248.33 and a 200 day simple moving average of GBX 188.97. The company has a market cap of £388.05 million, a price-to-earnings ratio of 26.12, a PEG ratio of 0.71 and a beta of 2.42.

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

On the Beach Group Increases Dividend

The firm also recently disclosed 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. This is an increase from On the Beach Group’s previous dividend of $0.90. This represents a dividend yield of 1.02%. The ex-dividend date is Thursday, January 30th. On the Beach Group’s dividend payout ratio is 10.93%.

Insider Transactions at On the Beach Group

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