boohoo group (LON:BOO) Shares Pass Above 50 Day Moving Average – What’s Next?

boohoo group plc (LON:BOO)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 26.58 ($0.36) and traded as high as GBX 26.66 ($0.36). boohoo group shares last traded at GBX 26.10 ($0.35), with a volume of 1,359,340 shares changing hands.

Analyst Upgrades and Downgrades

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 quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78. The stock has a market capitalization of £336.29 million, a price-to-earnings ratio of -2.27 and a beta of 1.80. The company has a fifty day moving average of GBX 26.58 and a two-hundred day moving average of GBX 29.61.

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.