boohoo group (LON:BOO) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

boohoo group plc (LON:BOO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 32.05 ($0.42) and traded as low as GBX 30 ($0.39). boohoo group shares last traded at GBX 30.48 ($0.40), with a volume of 2,776,486 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 27 ($0.35) price objective 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 report on Thursday, October 24th.

boohoo group Stock Performance

The firm’s 50-day moving average price is GBX 29.84 and its 200-day moving average price is GBX 32.05. The company has a debt-to-equity ratio of 159.78, a current ratio of 1.43 and a quick ratio of 0.92. The stock has a market cap of £387.10 million, a P/E ratio of -277.09 and a beta of 1.80.

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.