boohoo group (LON:BOO) Trading Up 10.9% Following Insider Buying Activity

Shares of boohoo group plc (LON:BOO) rose 10.9% during mid-day trading 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). Approximately 48,599,617 shares traded hands during trading, an increase of 994% from the average daily 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 boohoo group stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of GBX 35 ($0.44) per share, with a total value of £100,266.25 ($126,550.86).

Analyst Upgrades and Downgrades

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

boohoo group Price Performance

The company has a market capitalization of £489.20 million, a P/E ratio of -350.18 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. The business has a 50 day simple moving average of GBX 31.45 and a 200-day simple moving average of GBX 31.69.

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.