boohoo group (LON:BOO) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of boohoo group plc (LON:BOO) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 30.13 ($0.39) and traded as low as GBX 26 ($0.34). boohoo group shares last traded at GBX 26.30 ($0.34), with a volume of 6,972,090 shares trading hands.

Wall Street Analysts Forecast Growth

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

boohoo group Stock Down 0.2 %

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 firm has a market cap of £336.29 million, a PE ratio of -2.27 and a beta of 1.80. The business has a fifty day moving average price of GBX 28.15 and a two-hundred day moving average price of GBX 30.11.

Insider Buying and Selling at boohoo group

In other news, insider Carol Mary Kane bought 320,943 shares of the stock in a transaction on Tuesday, January 7th. The shares were purchased at an average price of GBX 31 ($0.40) per share, for a total transaction of £99,492.33 ($129,009.76). Corporate insiders own 56.60% of the company’s stock.

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.