boohoo group (LON:BOO) Stock Price Down 7% – Time to Sell?

Shares of boohoo group plc (LON:BOO) fell 7% on Friday . The stock traded as low as GBX 28.10 ($0.37) and last traded at GBX 29.66 ($0.39). 22,937,139 shares changed hands during mid-day trading, an increase of 485% from the average session volume of 3,920,664 shares. The stock had previously closed at GBX 31.88 ($0.42).

Analysts Set New Price Targets

Several research firms have commented on BOO. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 27 ($0.35) target price on shares of boohoo group in a research note on Thursday, September 12th. Shore Capital reiterated a “hold” rating on shares of boohoo group in a report on Wednesday, September 11th.

boohoo group Price Performance

The company has a 50 day moving average of GBX 29.34 and a two-hundred day moving average of GBX 32.66. The firm has a market cap of £376.43 million, a P/E ratio of -289.82 and a beta of 1.80. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78.

boohoo group Company Profile

boohoo group plc, through its subsidiaries, operates as an online clothing retailer in the United Kingdom, rest of Europe, the United States, and internationally. The company designs, sources, markets, and sells fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.