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boohoo group (LON:BOO) Share Price Passes Above Fifty Day Moving Average - Here's Why

boohoo group logo with Consumer Cyclical background

Shares of boohoo group plc (LON:BOO - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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 Analyst Weigh In

A number of equities analysts recently weighed in on BOO shares. Deutsche Bank Aktiengesellschaft restated a "sell" rating and set a GBX 27 ($0.34) target price on shares of boohoo group in a research report on Thursday, September 12th. Shore Capital reissued a "hold" rating on shares of boohoo group in a report on Thursday, October 24th.

Read Our Latest Stock Analysis on BOO

boohoo group Stock Down 0.4 %

The company has a fifty day moving average price of GBX 32.25 and a 200-day moving average price of GBX 31.65. The company has a debt-to-equity ratio of 159.78, a quick ratio of 0.92 and a current ratio of 1.43. The firm has a market capitalization of £427.48 million, a PE ratio of -306.00 and a beta of 1.80.

Insider Activity at boohoo group

In related news, insider Dan Finley bought 286,475 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of GBX 35 ($0.44) per share, with a total value of £100,266.25 ($125,458.27). Also, insider Carol Mary Kane purchased 294,350 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average price of GBX 34 ($0.43) per share, for a total transaction of £100,079 ($125,223.97). 56.60% of the stock is owned by insiders.

boohoo group Company Profile

(Get Free Report)

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.

Further Reading

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