ASOS (LON:ASC) Shares Cross Above 200 Day Moving Average – Here’s Why

ASOS Plc (LON:ASC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 274.01 and traded as high as GBX 279. ASOS shares last traded at GBX 278, with a volume of 135,507 shares trading hands.

Wall Street Analyst Weigh In

ASC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research note on Friday, November 21st. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research report on Thursday, November 13th. Shore Capital Group restated a “buy” rating and set a GBX 400 price objective on shares of ASOS in a report on Thursday, December 4th. Peel Hunt reaffirmed an “add” rating and issued a GBX 335 target price on shares of ASOS in a research report on Thursday, November 13th. Finally, Panmure Gordon reiterated a “hold” rating and set a GBX 350 target price on shares of ASOS in a research note on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 383.33.

ASOS Stock Up 1.8%

The stock’s fifty day simple moving average is GBX 293.38 and its 200-day simple moving average is GBX 274.01. The stock has a market cap of £332.05 million, a P/E ratio of -1.11, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 342.80, a quick ratio of 0.39 and a current ratio of 1.02.

Insider Transactions at ASOS

In related news, insider William Barker acquired 132,455 shares of the stock in a transaction on Tuesday, January 20th. The shares were purchased at an average price of GBX 381 per share, for a total transaction of £504,653.55. Insiders purchased a total of 223,531 shares of company stock worth $76,003,437 over the last 90 days. Corporate insiders own 18.40% of the company’s stock.

About ASOS

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.