boohoo group (LON:BOO) Stock Price Up 10.1%

boohoo group plc (LON:BOO)’s share price traded up 10.1% during trading on Thursday . The stock traded as high as GBX 31.22 ($0.41) and last traded at GBX 31.01 ($0.41). 6,817,543 shares were traded during mid-day trading, an increase of 67% from the average session volume of 4,071,021 shares. The stock had previously closed at GBX 28.18 ($0.37).

Wall Street Analysts Forecast Growth

BOO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of boohoo group from GBX 45 ($0.59) to GBX 37 ($0.49) and set a “neutral” rating for the company in a research note on Tuesday, June 11th. Shore Capital reiterated a “hold” rating on shares of boohoo group in a research note on Monday, July 29th.

boohoo group Price Performance

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 fifty day moving average price is GBX 31.49 and its 200 day moving average price is GBX 33.56. The firm has a market capitalization of £371.35 million, a PE ratio of -265.82 and a beta of 1.82.

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.