ASOS (LON:ASC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

ASOS Plc (LON:ASC) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 390.74 ($4.84) and traded as high as GBX 445.40 ($5.52). ASOS shares last traded at GBX 424.84 ($5.27), with a volume of 1,783,997 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of ASOS in a research report on Tuesday, November 5th. One 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’s stock. According to data from MarketBeat, ASOS presently has a consensus rating of “Hold” and an average price target of GBX 391 ($4.85).

ASOS Trading Down 2.6 %

The firm has a fifty day moving average of GBX 403.06 and a 200 day moving average of GBX 390.74. The firm has a market capitalization of £506.03 million, a PE ratio of -213.49, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51.

ASOS (LON:ASC) last posted its quarterly earnings data on Tuesday, November 5th. The company reported GBX (284.40) (($3.52)) earnings per share (EPS) for the quarter. ASOS had a negative net margin of 7.72% and a negative return on equity of 35.11%. Equities research analysts expect that ASOS Plc will post 12.4165252 EPS for the current year.

Insiders Place Their Bets

In related news, insider William Barker purchased 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of GBX 367 ($4.55) per share, for a total transaction of £550,500 ($682,240.67). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of GBX 336 ($4.16), for a total transaction of £6,689.76 ($8,290.69). Insiders have bought 537,473 shares of company stock worth $194,840,753 in the last quarter. 51.44% of the stock is owned by corporate insiders.

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.