boohoo group (LON:BOO) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of boohoo group plc (LON:BOO) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on BOO. Shore Capital reiterated a “hold” rating on shares of boohoo group in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 27 ($0.35) price target on shares of boohoo group in a research report on Thursday, September 12th.

boohoo group Price Performance

The stock has a 50-day simple moving average of GBX 29.84 and a 200 day simple moving average of GBX 32.05. The stock has a market capitalization of £387.10 million, a P/E ratio of -277.09 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.

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.