boohoo group (LON:BOO) Share Price Passes Below 200 Day Moving Average of $34.91

boohoo group plc (LON:BOO) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 34.91 ($0.43) and traded as low as GBX 33 ($0.41). boohoo group shares last traded at GBX 33.24 ($0.41), with a volume of 3,421,237 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays restated an “underweight” rating and set a GBX 26 ($0.32) target price on shares of boohoo group in a research report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, boohoo group currently has an average rating of “Hold” and a consensus price target of GBX 42.50 ($0.53).

boohoo group Price Performance

The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 119.07. The firm has a market cap of £428.24 million, a PE ratio of -481.71 and a beta of 1.78. The firm’s fifty day simple moving average is GBX 35.11 and its two-hundred day simple moving average is GBX 34.90.

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 clothing, shoes, accessories, and beauty products for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.