boohoo group (LON:BOO) Stock Price Passes Below Two Hundred Day Moving Average of $34.66

Shares of boohoo group plc (LON:BOO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 34.66 ($0.44) and traded as low as GBX 27.64 ($0.35). boohoo group shares last traded at GBX 27.92 ($0.36), with a volume of 3,240,144 shares.

Analyst Upgrades and Downgrades

BOO has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on boohoo group from GBX 45 ($0.58) to GBX 37 ($0.47) and set a “neutral” rating on the stock in a research note on Tuesday, June 11th. Shore Capital reiterated a “hold” rating on shares of boohoo group in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, boohoo group has a consensus rating of “Hold” and a consensus target price of GBX 27.17 ($0.35).

boohoo group Trading Up 1.4 %

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 firm has a fifty day simple moving average of GBX 33.74 and a 200-day simple moving average of GBX 34.61. The firm has a market cap of £359.41 million, a P/E ratio of -257.27 and a beta of 1.75.

About boohoo group

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.