ASOS (LON:ASC) Share Price Crosses Above 200 Day Moving Average of $367.47

ASOS Plc (LON:ASC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 367.47 ($4.71) and traded as high as GBX 377.80 ($4.84). ASOS shares last traded at GBX 370.20 ($4.74), with a volume of 228,926 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ASC shares. JPMorgan Chase & Co. cut their price objective on ASOS from GBX 350 ($4.48) to GBX 300 ($3.84) and set a “neutral” rating for the company in a research report on Thursday, April 18th. Jefferies Financial Group reissued a “hold” rating and set a GBX 375 ($4.80) price objective on shares of ASOS in a research report on Thursday, April 18th. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a research report on Wednesday, April 17th. Berenberg Bank dropped their target price on ASOS from GBX 510 ($6.53) to GBX 490 ($6.28) and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 500 ($6.40) target price on shares of ASOS in a research report on Thursday, April 18th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 443.33 ($5.68).

ASOS Stock Performance

The firm has a market capitalization of £441.76 million, a price-to-earnings ratio of -186.03, a P/E/G ratio of -1.26 and a beta of 2.70. The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The stock has a 50-day moving average price of GBX 364.31 and a 200 day moving average price of GBX 367.47.

Insider Transactions at ASOS

In related news, insider William Barker acquired 180,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of GBX 341 ($4.37) per share, with a total value of £613,800 ($786,217.50). 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.