On the Beach Group (LON:OTB) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of 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 ($3.15) and traded as low as GBX 230.50 ($3.00). On the Beach Group shares last traded at GBX 232.62 ($3.02), with a volume of 7,879,231 shares changing hands.

Analysts Set New Price Targets

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

On the Beach Group Trading Down 0.2 %

The firm has a market capitalization of £377.70 million, a PE ratio of 25.42, 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 1.37 and a debt-to-equity ratio of 1.53. The stock’s fifty day simple moving average is GBX 242.51 and its 200 day simple moving average is GBX 198.63.

On the Beach Group Increases Dividend

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

Insider Transactions at On the Beach Group

In other news, insider Shaun Morton sold 45,054 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of GBX 228 ($2.96), for a total value of £102,723.12 ($133,545.40). 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.