boohoo group (LON:BOO) Stock Crosses Below 200 Day Moving Average of $33.12

boohoo group plc (LON:BOO)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 33.12 ($0.44) and traded as low as GBX 28.08 ($0.37). boohoo group shares last traded at GBX 29.32 ($0.39), with a volume of 1,589,081 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on BOO. Shore Capital reissued a “hold” rating on shares of boohoo group in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 27 ($0.36) target price on shares of boohoo group in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. dropped their target price on boohoo group from GBX 45 ($0.59) to GBX 37 ($0.49) and set a “neutral” rating on the stock in a report on Tuesday, June 11th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, boohoo group presently has an average rating of “Reduce” and a consensus target price of GBX 27.13 ($0.36).

boohoo group Stock Performance

The company has a market cap of £364.44 million, a PE ratio of -266.55 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 has a 50-day moving average of GBX 30.40 and a 200 day moving average of GBX 33.12.

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.