boohoo group (LON:BOO) Shares Pass Below 200-Day Moving Average – Here’s What Happened

boohoo group plc (LON:BOO) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 29.92 ($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.

Wall Street Analyst Weigh In

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

boohoo group Stock Down 1.2 %

The firm’s fifty day simple moving average is GBX 27.33 and its 200-day simple moving average is GBX 29.92. The company has a market cap of £336.29 million, a PE ratio of -2.27 and a beta of 1.80. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78.

Insider Buying and Selling

In other news, insider Carol Mary Kane bought 320,943 shares of boohoo group stock in a transaction on Tuesday, January 7th. The shares were bought at an average cost of GBX 31 ($0.41) per share, for a total transaction of £99,492.33 ($130,362.07). Insiders own 56.60% of the company’s stock.

boohoo group Company Profile

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.