boohoo group (LON:BOO) Shares Cross Below 200-Day Moving Average – Time to Sell?

boohoo group plc (LON:BOO)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 30.05 ($0.39) and traded as low as GBX 26.02 ($0.34). boohoo group shares last traded at GBX 26.30 ($0.34), with a volume of 9,456,098 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “sell” rating on shares of boohoo group in a research report on Tuesday, March 11th.

boohoo group Stock Performance

The company has a debt-to-equity ratio of 159.78, a quick ratio of 0.92 and a current ratio of 1.43. The company has a market cap of £338.87 million, a P/E ratio of -2.29 and a beta of 1.80. The stock’s fifty day moving average price is GBX 27.75 and its two-hundred day moving average price is GBX 30.05.

Insiders Place Their Bets

In other boohoo group news, insider Carol Mary Kane bought 320,943 shares of the stock in a transaction on Tuesday, January 7th. The stock was purchased at an average price of GBX 31 ($0.40) per share, with a total value of £99,492.33 ($128,096.21). Corporate insiders own 56.60% of the company’s stock.

boohoo group Company Profile

Founded in the heart of Manchester’s historic textile district in 2006 by Mahmud Kamani and Carol Kane as boohoo, the group today is home to a portfolio of innovative fashion brands targeting style and quality conscious consumers with up-to-date and inspirational fashion. What started as one brand, growing extensively in the UK and Internationally, is today a platform of multiple brands servicing customers globally, generating sales in excess of £1bn.