ASOS (LON:ASC) Share Price Crosses Above Two Hundred Day Moving Average of $373.45

ASOS Plc (LON:ASCGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 373.45 ($4.78) and traded as high as GBX 382.80 ($4.90). ASOS shares last traded at GBX 375 ($4.80), with a volume of 226,742 shares trading hands.

Wall Street Analyst Weigh In

ASC has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 375 ($4.80) price objective on shares of ASOS in a research note on Thursday, April 18th. Barclays reissued an “equal weight” rating on shares of ASOS in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 500 ($6.41) price objective on shares of ASOS in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on shares of ASOS from GBX 350 ($4.48) to GBX 300 ($3.84) and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Shore Capital reissued a “sell” rating on shares of ASOS in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, ASOS has an average rating of “Hold” and an average price target of GBX 443.33 ($5.68).

Get Our Latest Stock Report on ASOS

ASOS Stock Up 0.1 %

The business’s 50 day moving average is GBX 358.36 and its 200-day moving average is GBX 373.45. The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. The company has a market cap of £447.73 million, a PE ratio of -188.44, a P/E/G ratio of -1.26 and a beta of 2.70.

Insider Buying and Selling

In other news, insider William Barker acquired 180,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of GBX 341 ($4.37) per share, with a total value of £613,800 ($786,418.96). 50.41% of the stock is owned by insiders.

ASOS Company Profile

(Get Free Report)

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.

Further Reading

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