ASOS (LON:ASC) Shares Break Above 50 Day Moving Average – Should You Sell?

ASOS Plc (LON:ASC)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 444.79 and traded as high as GBX 470.50. ASOS shares last traded at GBX 466, with a volume of 1,017,641 shares.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Deutsche Bank raised their target price on ASOS from GBX 450 to GBX 490 and gave the stock a “buy” rating in a research note on Friday, November 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 750 price target on shares of ASOS in a research report on Thursday, November 5th. Shore Capital Group reiterated a “buy” rating and issued a GBX 520 price objective on shares of ASOS in a report on Thursday, November 5th. Finally, Royal Bank Of Canada increased their price objective on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, ASOS has an average rating of “Moderate Buy” and a consensus target price of GBX 453.57.

ASOS Trading Up 0.5%

The company has a debt-to-equity ratio of 855.63, a current ratio of 0.95 and a quick ratio of 0.39. The stock’s 50 day moving average is GBX 444.79 and its 200-day moving average is GBX 329.49. The company has a market capitalization of £560.56 million, a P/E ratio of -2.42, a P/E/G ratio of -1.26 and a beta of 2.32.

ASOS (LON:ASC) last posted its quarterly earnings data on Thursday, November 5th. The company reported GBX 41.60 earnings per share for the quarter. The business had revenue of GBX 224.56 billion for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. As a group, equities research analysts anticipate that ASOS Plc will post 12.42 earnings per share for the current year.

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.