ASOS (LON:ASC) Stock Price Passes Below 200-Day Moving Average – Here’s Why

ASOS Plc (LON:ASC)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 281.89 and traded as low as GBX 269. ASOS shares last traded at GBX 269, with a volume of 25,922 shares traded.

Wall Street Analyst Weigh In

ASC has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a report on Friday, November 21st. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of ASOS in a report on Thursday, November 13th. Panmure Gordon reiterated a “hold” rating and issued a GBX 350 price objective on shares of ASOS in a report on Monday, November 24th. Finally, Shore Capital reissued a “buy” rating and set a GBX 400 target price on shares of ASOS in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASOS has an average rating of “Moderate Buy” and a consensus target price of GBX 383.33.

ASOS Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The firm has a market cap of £321.30 million, a P/E ratio of -1.08, a P/E/G ratio of -1.26 and a beta of 2.86. The business has a fifty day simple moving average of GBX 250.45 and a 200-day simple moving average of GBX 281.89.

ASOS (LON:ASC) last released its earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. On average, sell-side analysts predict that ASOS Plc will post 12.4165252 EPS for the current fiscal year.

Insider Transactions at ASOS

In other news, insider José Antonio Ramos Calamonte sold 13,061 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of GBX 219, for a total value of £28,603.59. Also, insider Aaron Izzard sold 604 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of GBX 219, for a total value of £1,322.76. 18.03% of the stock is currently owned by corporate insiders.

ASOS Company Profile

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.