boohoo group (LON:BOO) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

boohoo group plc (LON:BOO)’s share price 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 trading hands.

Analyst Ratings Changes

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

boohoo group Trading Down 1.2 %

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 business’s 50-day moving average is GBX 27.27 and its 200 day moving average is GBX 29.90. The firm has a market capitalization of £336.29 million, a P/E ratio of -2.27 and a beta of 1.80.

Insider Transactions at boohoo group

In related news, insider Carol Mary Kane bought 320,943 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average cost of GBX 31 ($0.40) per share, for a total transaction of £99,492.33 ($128,344.08). 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.