ASOS (LON:ASC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

ASOS Plc (LON:ASC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 280.17 and traded as high as GBX 334.50. ASOS shares last traded at GBX 330.50, with a volume of 139,338 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ASC shares. Panmure Gordon reissued a “hold” rating and set a GBX 350 price objective on shares of ASOS in a research note on Monday, November 24th. Peel Hunt reiterated an “add” rating and set a GBX 335 target price on shares of ASOS in a report on Thursday, November 13th. Berenberg Bank restated a “buy” rating and issued a GBX 600 price target on shares of ASOS in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research note on Friday, November 21st. Finally, JPMorgan Chase & Co. dropped their target price on ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a report on Monday, November 24th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, ASOS has a consensus rating of “Moderate Buy” and an average target price of GBX 383.33.

ASOS Price Performance

The firm has a 50-day moving average of GBX 277.67 and a 200-day moving average of GBX 280.17. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The firm has a market capitalization of £394.75 million, a P/E ratio of -1.32, a PEG ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last posted its quarterly 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%. As a group, analysts predict that ASOS Plc will post 12.4165252 EPS for the current year.

Insider Buying and Selling at ASOS

In other ASOS news, insider Aaron Izzard sold 604 shares of ASOS 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. Also, insider José Antonio Ramos Calamonte sold 13,061 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of GBX 219, for a total transaction of £28,603.59. In the last 90 days, insiders have purchased 223,531 shares of company stock worth $76,003,437. Company insiders own 18.03% of the company’s stock.

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.