boohoo group (LON:BOO) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of boohoo group plc (LON:BOO) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 32.22 ($0.42) and traded as low as GBX 29.22 ($0.38). boohoo group shares last traded at GBX 29.62 ($0.38), with a volume of 5,106,821 shares.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 27 ($0.35) target price on shares of boohoo group in a research report on Thursday, September 12th. Shore Capital restated a “hold” rating on shares of boohoo group in a research note on Thursday, October 24th.

boohoo group Trading Up 3.3 %

The company’s 50 day moving average price is GBX 29.56 and its 200 day moving average price is GBX 32.14. The company has a market cap of £388.62 million, a price-to-earnings ratio of -278.18 and a beta of 1.80. The company has a debt-to-equity ratio of 159.78, a quick ratio of 0.92 and a current ratio of 1.43.

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.