boohoo group (OTCMKTS:BHOOY) Shares Down 28.4% – Here’s What Happened

boohoo group plc (OTCMKTS:BHOOY) fell 28.4% on Thursday . The company traded as low as $6.99 and last traded at $6.99. 397 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 910 shares. The stock had previously closed at $9.75.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays upgraded boohoo group to a “strong sell” rating in a research report on Monday, November 18th. Hsbc Global Res raised shares of boohoo group to a “strong-buy” rating in a research note on Tuesday, October 22nd.

boohoo group Stock Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.52 and a current ratio of 1.03. The business has a 50 day moving average price of $9.07 and a 200-day moving average price of $7.96.

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 clothing, shoes, accessories, and beauty products for 16-to-45-year age customers. It provides its products under the boohoo, boohooMAN, PrettyLittleThing, Nasty Gal, MissPap, Karen Millen, Coast, Oasis, Warehouse, Dorothy Perkins, Wallis, Burton, and Debenhams brands.