ASOS (LON:ASC) Share Price Crosses Below 200-Day Moving Average – What’s Next?

ASOS Plc (LON:ASC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 258.95 and traded as low as GBX 223.50. ASOS shares last traded at GBX 231.61, with a volume of 2,679,848 shares traded.

Analysts Set New Price Targets

ASC has been the subject of a number of research reports. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 600 price target on shares of ASOS in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 352.67.

ASOS Stock Performance

The business has a 50 day moving average of GBX 239.21 and a 200 day moving average of GBX 258.95. The company has a market capitalization of £276.64 million, a P/E ratio of -0.93, a price-to-earnings-growth ratio of -1.26 and a beta of 2.25. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63.

ASOS (LON:ASC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported GBX (109.90) EPS for the quarter. ASOS had a negative net margin of 10.10% and a negative return on equity of 155.17%. The firm had revenue of GBX 111.60 billion for the quarter. On average, sell-side analysts predict that ASOS Plc will post 12.4165252 earnings per share for the current year.

Insider Buying and Selling

In other news, insider William Barker purchased 1,627,693 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average cost of GBX 235 per share, with a total value of £3,825,078.55. Insiders own 18.40% 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.