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

boohoo group plc (LON:BOO)’s stock price crossed 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 traded.

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 Price Performance

The company has a market cap of £336.29 million, a price-to-earnings ratio of -2.27 and a beta of 1.80. The company has a fifty day simple moving average of GBX 26.58 and a two-hundred day simple moving average of GBX 29.61. 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.