ASOS (LON:ASC) Hits New 12-Month High – Time to Buy?

ASOS Plc (LON:ASC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 456.20 ($5.72) and last traded at GBX 450.80 ($5.65), with a volume of 170454 shares trading hands. The stock had previously closed at GBX 432 ($5.41).

Wall Street Analyst Weigh In

Several research firms have commented on ASC. Shore Capital reissued a “hold” rating on shares of ASOS in a report on Tuesday, November 5th. Barclays downgraded shares of ASOS to an “underweight” rating and cut their price objective for the company from GBX 300 ($3.76) to GBX 290 ($3.63) in a research report on Monday, September 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 490 ($6.14) target price on shares of ASOS in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 391 ($4.90).

ASOS Stock Performance

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 market capitalization of £537.90 million, a P/E ratio of -226.93, a P/E/G ratio of -1.26 and a beta of 2.86. The business has a fifty day moving average price of GBX 378.87 and a 200-day moving average price of GBX 381.98.

Insider Buying and Selling at ASOS

In related news, insider Dave Murray bought 5,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of GBX 346 ($4.34) per share, for a total transaction of £20,068 ($25,147.87). Also, insider William Barker bought 150,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of GBX 367 ($4.60) per share, with a total value of £550,500 ($689,849.62). In the last 90 days, insiders have purchased 537,473 shares of company stock worth $194,840,753. Company insiders own 51.44% 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.