boohoo group (LON:BOO) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of boohoo group plc (LON:BOO) crossed 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 trading hands.

Wall Street Analysts Forecast Growth

BOO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 27 ($0.33) target price on shares of boohoo group in a report on Thursday, September 12th. Shore Capital reissued a “hold” rating on shares of boohoo group in a research note on Thursday, October 24th.

boohoo group Stock Performance

The company has a market cap of £415.29 million, a PE ratio of -297.27 and a beta of 1.80. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 159.78. The firm’s 50-day simple moving average is GBX 32.25 and its two-hundred day simple moving average is GBX 31.65.

Insider Transactions at boohoo group

In other news, insider Carol Mary Kane purchased 294,350 shares of the stock in a transaction on Friday, November 29th. The stock was bought at an average price of GBX 34 ($0.42) per share, for a total transaction of £100,079 ($123,875.48). Also, insider Dan Finley purchased 286,475 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of GBX 35 ($0.43) per share, with a total value of £100,266.25 ($124,107.25). Corporate insiders own 56.60% of the company’s stock.

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 fashion clothing, home and beauty products, shoes, and accessories for 16-to-60+ year age customers.