boohoo group (LON:BOO) Share Price Passes Below 200 Day Moving Average of $34.36

boohoo group plc (LON:BOO)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 34.36 ($0.44) and traded as low as GBX 28 ($0.36). boohoo group shares last traded at GBX 28.50 ($0.36), with a volume of 1,374,018 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BOO shares. JPMorgan Chase & Co. reduced their price target on shares of boohoo group from GBX 45 ($0.57) to GBX 37 ($0.47) and set a “neutral” rating on the stock in a research report on Tuesday, June 11th. Shore Capital reissued a “hold” rating on shares of boohoo group in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 27.17 ($0.35).

boohoo group Price Performance

The business’s 50-day simple moving average is GBX 33.13 and its two-hundred day simple moving average is GBX 34.28. The stock has a market cap of £361.95 million, a price-to-earnings ratio of -259.09 and a beta of 1.75. The company has a debt-to-equity ratio of 159.78, a current ratio of 1.43 and a quick ratio of 0.92.

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.