boohoo group (LON:BOO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

boohoo group plc (LON:BOO)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 reissued a “sell” rating on shares of boohoo group in a report on Tuesday, March 11th.

boohoo group Stock Performance

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 firm has a fifty day simple moving average of GBX 28.25 and a 200 day simple moving average of GBX 30.13. The company has a market capitalization of £338.87 million, a price-to-earnings ratio of -2.29 and a beta of 1.80.

Insider Transactions at boohoo group

In other news, insider Carol Mary Kane purchased 320,943 shares of the stock in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of GBX 31 ($0.40) per share, with a total value of £99,492.33 ($129,345.20). Corporate insiders own 56.60% of the company’s stock.

boohoo group Company Profile

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.