boohoo group (LON:BOO) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of boohoo group plc (LON:BOO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Shore Capital reissued a “hold” rating on shares of boohoo group in a report on Thursday, October 24th. 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.

boohoo group Stock Up 0.5 %

The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 159.78. The company has a 50 day simple moving average of GBX 29.50 and a two-hundred day simple moving average of GBX 32.22. The firm has a market capitalization of £376.17 million, a P/E ratio of -269.27 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.