ASOS (LON:ASC) Stock Passes Above Two Hundred Day Moving Average of $369.37

ASOS Plc (LON:ASC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 369.37 ($4.67) and traded as high as GBX 373.80 ($4.73). ASOS shares last traded at GBX 368.20 ($4.66), with a volume of 290,528 shares traded.

Wall Street Analyst Weigh In

ASC has been the subject of several recent research reports. Barclays reissued an “equal weight” rating on shares of ASOS in a research report on Thursday, April 18th. JPMorgan Chase & Co. reduced their target price on ASOS from GBX 350 ($4.43) to GBX 300 ($3.79) and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Berenberg Bank reduced their target price on ASOS from GBX 510 ($6.45) to GBX 490 ($6.20) and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 375 ($4.74) target price on shares of ASOS in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ASOS currently has a consensus rating of “Hold” and an average target price of GBX 443.33 ($5.61).

ASOS Stock Up 0.3 %

The business has a fifty day moving average price of GBX 361.54 and a two-hundred day moving average price of GBX 369.37. 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 firm has a market capitalization of £440.81 million, a price-to-earnings ratio of -185.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.70.

Insider Activity

In other news, insider William Barker acquired 180,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of GBX 341 ($4.31) per share, with a total value of £613,800 ($776,372.38). Corporate insiders own 50.41% 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.