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

boohoo group plc (LON:BOO)’s stock price 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 traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BOO shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 27 ($0.35) price objective on shares of boohoo group in a report on Thursday, September 12th. Shore Capital reissued a “hold” rating on shares of boohoo group in a report on Thursday, October 24th.

boohoo group Stock Up 3.3 %

The stock has a market capitalization of £388.62 million, a P/E ratio of -278.18 and a beta of 1.80. The firm’s fifty day moving average is GBX 29.56 and its 200-day moving average is GBX 32.14. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 159.78.

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.