boohoo group (LON:BOO) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of boohoo group plc (LON:BOO) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 29.98 ($0.38) and traded as high as GBX 30.40 ($0.39). boohoo group shares last traded at GBX 29.66 ($0.38), with a volume of 7,300,746 shares.

Analyst Ratings Changes

Several brokerages recently issued reports on BOO. Shore Capital reaffirmed a “hold” rating on shares of boohoo group in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 27 ($0.34) price objective on shares of boohoo group in a report on Thursday, September 12th.

boohoo group Stock Performance

The company has a market capitalization of £378.32 million, a price-to-earnings ratio of -269.64 and a beta of 1.80. The stock has a fifty day moving average price of GBX 29.98 and a two-hundred day moving average price of GBX 31.92. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78.

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 fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.