boohoo group (LON:BOO) Shares Cross Below 200-Day Moving Average – What’s Next?

boohoo group plc (LON:BOO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 29.77 ($0.39) and traded as low as GBX 26 ($0.34). boohoo group shares last traded at GBX 26.10 ($0.34), with a volume of 1,359,340 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “sell” rating on shares of boohoo group in a research report on Tuesday, March 11th.

boohoo group Trading Down 1.2 %

The business’s 50 day simple moving average is GBX 26.89 and its 200 day simple moving average is GBX 29.77. 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 company has a market capitalization of £336.29 million, a price-to-earnings ratio of -2.27 and a beta of 1.80.

About boohoo group

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.