boohoo group (LON:BOO) Share Price Passes Below 200-Day Moving Average of $34.66

boohoo group plc (LON:BOO)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 34.66 ($0.44) and traded as low as GBX 27.64 ($0.35). boohoo group shares last traded at GBX 27.92 ($0.36), with a volume of 3,240,144 shares traded.

Wall Street Analyst Weigh In

BOO has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on boohoo group from GBX 45 ($0.58) to GBX 37 ($0.47) and set a “neutral” rating for the company in a research note on Tuesday, June 11th. Shore Capital reissued a “hold” rating on shares of boohoo group in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 27.17 ($0.35).

boohoo group Stock Performance

The company has a market cap of £359.41 million, a PE ratio of -257.27 and a beta of 1.75. The stock’s 50 day simple moving average is GBX 33.74 and its two-hundred day simple moving average is GBX 34.61. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78.

About boohoo group

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.