On the Beach Group (LON:OTB) Share Price Crosses Above Fifty Day Moving Average of $145.16

On the Beach Group plc (LON:OTB)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 145.16 ($1.84) and traded as high as GBX 147.36 ($1.87). On the Beach Group shares last traded at GBX 146.80 ($1.87), with a volume of 515,255 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OTB. Redburn Partners raised shares of On the Beach Group to a “buy” rating and set a GBX 240 ($3.05) price target on the stock in a report on Thursday, March 21st. Shore Capital restated a “buy” rating on shares of On the Beach Group in a report on Tuesday, May 14th. Finally, Berenberg Bank downgraded shares of On the Beach Group to a “buy” rating and set a GBX 180 ($2.29) target price for the company. in a research report on Tuesday, May 28th.

On the Beach Group Trading Up 0.5 %

The firm has a market capitalization of £245.13 million, a P/E ratio of 2,446.67, a P/E/G ratio of 0.71 and a beta of 2.38. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 2.68. The stock has a 50 day simple moving average of GBX 145.16 and a 200-day simple moving average of GBX 153.13.

On the Beach Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 0.90 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 0.54%. On the Beach Group’s dividend payout ratio is currently 5,000.00%.

Insider Transactions at On the Beach Group

In other news, insider Richard Pennycook sold 38,333 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of GBX 156 ($1.98), for a total value of £59,799.48 ($75,984.09). Corporate insiders own 10.71% of the company’s stock.

About On the Beach Group

On the Beach Group plc operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom. It operates through three segments: OTB, CCH, and CPH. The company provides its services through onthebeach.co.uk, sunshine.co.uk, and onthebeachtransfers.co.uk websites in the United Kingdom.