On the Beach Group (LON:OTB) Shares Down 5.4% – Here’s What Happened

Shares of On the Beach Group plc (LON:OTB) traded down 5.4% on Thursday . The stock traded as low as GBX 259.90 ($3.49) and last traded at GBX 270.50 ($3.63). 2,048,802 shares traded hands during mid-day trading, an increase of 179% from the average session volume of 733,833 shares. The stock had previously closed at GBX 286 ($3.84).

On the Beach Group Stock Down 5.4%

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 market capitalization of £423.26 million, a P/E ratio of 2,940.22, a P/E/G ratio of 0.71 and a beta of 2.42. The stock’s 50 day simple moving average is GBX 283.30 and its 200 day simple moving average is GBX 261.73.

Insider Transactions at On the Beach Group

In related news, insider Justine Greening bought 7,483 shares of the stock in a transaction on Friday, June 13th. The shares were purchased at an average price of GBX 265 per share, with a total value of £19,829.95. Also, insider Victoria Self bought 3,500 shares of the stock in a transaction on Monday, June 16th. The shares were bought at an average cost of GBX 266 per share, for a total transaction of £9,310. Company insiders own 8.34% of the company’s stock.

On the Beach Group Company Profile

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.