boohoo group (LON:BOO) Share Price Passes Below 200-Day Moving Average - Here's What Happened

boohoo group plc (LON:BOO - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 29.92 ($0.38) and traded as low as GBX 26 ($0.33). boohoo group shares last traded at GBX 26.10 ($0.33), with a volume of 1,359,340 shares.

Analysts Set New Price Targets

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

boohoo group Stock Down 1.2 %

The stock has a market cap of £336.29 million, a price-to-earnings ratio of -2.27 and a beta of 1.80. The stock has a 50 day simple moving average of GBX 27.12 and a 200 day simple moving average of GBX 29.86. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 159.78.

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.