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

boohoo group plc (LON:BOO) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 32.16 ($0.40) and traded as high as GBX 33.80 ($0.42). boohoo group shares last traded at GBX 33.66 ($0.42), with a volume of 681,273 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BOO. Shore Capital reiterated a “hold” rating on shares of boohoo group in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 27 ($0.34) price target on shares of boohoo group in a report on Thursday, September 12th.

boohoo group Stock Down 0.4 %

The business’s fifty day simple moving average is GBX 32.16 and its two-hundred day simple moving average is GBX 31.65. The company has a market cap of £427.48 million, a PE ratio of -306.00 and a beta of 1.80. The company has a debt-to-equity ratio of 159.78, a current ratio of 1.43 and a quick ratio of 0.92.

Insider Activity at boohoo group

In other news, insider Dan Finley acquired 286,475 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of GBX 35 ($0.44) per share, for a total transaction of £100,266.25 ($125,473.97). Also, insider Carol Mary Kane acquired 294,350 shares of the business’s stock in a transaction on Friday, November 29th. The shares were purchased at an average price of GBX 34 ($0.43) per share, with a total value of £100,079 ($125,239.64). 56.60% of the stock is owned by company insiders.

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.