boohoo group (LON:BOO) Shares Up 10.9% After Insider Buying Activity

boohoo group plc (LON:BOO) shares shot up 10.9% on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 39.48 ($0.50) and last traded at GBX 38.52 ($0.49). 48,599,617 shares were traded during mid-day trading, an increase of 994% from the average session volume of 4,444,243 shares. The stock had previously closed at GBX 34.74 ($0.44).

Specifically, insider Dan Finley bought 286,475 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of GBX 35 ($0.44) per share, with a total value of £100,266.25 ($126,550.86).

Analyst Ratings Changes

BOO has been the topic of a number of recent analyst reports. Shore Capital restated a “hold” rating on shares of boohoo group in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 27 ($0.34) price target on shares of boohoo group in a research report on Thursday, September 12th.

boohoo group Stock Performance

The stock has a market capitalization of £489.20 million, a price-to-earnings ratio of -350.18 and a beta of 1.80. The company has a 50 day simple moving average of GBX 31.45 and a 200-day simple moving average of GBX 31.67. The company has a quick ratio of 0.92, a current ratio of 1.43 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.