boohoo group (LON:BOO) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

boohoo group plc (LON:BOO)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 30.13 ($0.39) and traded as low as GBX 26 ($0.34). boohoo group shares last traded at GBX 26.30 ($0.34), with a volume of 6,972,090 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “sell” rating on shares of boohoo group in a research report on Tuesday, March 11th.

boohoo group Stock Down 0.2 %

The business has a 50-day simple moving average of GBX 28.15 and a two-hundred day simple moving average of GBX 30.11. The company has a market cap of £336.29 million, a price-to-earnings ratio of -2.27 and a beta of 1.80. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78.

Insider Buying and Selling

In other boohoo group news, insider Carol Mary Kane acquired 320,943 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average price of GBX 31 ($0.40) per share, with a total value of £99,492.33 ($129,009.76). 56.60% of the stock is owned by insiders.

About boohoo group

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.