boohoo group (LON:BOO) Stock Passes Below Two Hundred Day Moving Average of $35.04

Shares of boohoo group plc (LON:BOO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 35.04 ($0.43) and traded as low as GBX 33 ($0.41). boohoo group shares last traded at GBX 33.62 ($0.42), with a volume of 3,683,793 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “underweight” rating and issued a GBX 26 ($0.32) price objective on shares of boohoo group in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 42.50 ($0.52).

boohoo group Stock Performance

The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 119.07. The firm’s fifty day moving average price is GBX 35 and its two-hundred day moving average price is GBX 35.04. The stock has a market capitalization of £427.23 million, a PE ratio of -480.29 and a beta of 1.78.

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 clothing, shoes, accessories, and beauty products for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.