boohoo group (LON:BOO) Stock Price Passes Below 200-Day Moving Average – Here’s Why

boohoo group plc (LON:BOO)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 30.94 ($0.38) and traded as low as GBX 28.84 ($0.36). boohoo group shares last traded at GBX 29 ($0.36), with a volume of 1,258,322 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of boohoo group in a report on Thursday, October 24th.

boohoo group Price Performance

The firm has a market cap of £368.30 million, a PE ratio of -263.64 and a beta of 1.80. 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 business’s fifty day moving average is GBX 32.25 and its 200-day moving average is GBX 30.91.

boohoo group (LON:BOO) last announced its quarterly earnings results on Thursday, November 14th. The company reported GBX (1.96) (($0.02)) EPS for the quarter. boohoo group had a negative net margin of 9.43% and a negative return on equity of 40.55%. On average, research analysts predict that boohoo group plc will post 393.9512093 earnings per share for the current fiscal year.

Insider Transactions at boohoo group

In other news, insider Carol Mary Kane bought 294,350 shares of boohoo group stock in a transaction on Friday, November 29th. The shares were purchased at an average price of GBX 34 ($0.42) per share, for a total transaction of £100,079 ($124,090.51). Also, insider Dan Finley purchased 286,475 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of GBX 35 ($0.43) per share, for a total transaction of £100,266.25 ($124,322.69). Over the last quarter, insiders have purchased 901,768 shares of company stock worth $29,983,758. Company 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.