ASOS (LON:ASC) Shares Cross Above 200 Day Moving Average – What’s Next?

ASOS Plc (LON:ASC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 280.17 and traded as high as GBX 334.50. ASOS shares last traded at GBX 330.50, with a volume of 139,338 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Panmure Gordon reissued a “hold” rating and set a GBX 350 price target on shares of ASOS in a report on Monday, November 24th. Deutsche Bank Aktiengesellschaft cut their price objective on ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research note on Friday, November 21st. Peel Hunt restated an “add” rating and set a GBX 335 target price on shares of ASOS in a research note on Thursday, November 13th. JPMorgan Chase & Co. lowered their price target on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a report on Monday, November 24th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 383.33.

ASOS Stock Performance

The firm’s 50-day moving average price is GBX 277.67 and its 200-day moving average price is GBX 280.17. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The stock has a market cap of £394.75 million, a P/E ratio of -1.32, a PEG ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last posted its earnings results on Friday, November 21st. The company reported GBX (250.10) earnings per share for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. Sell-side analysts expect that ASOS Plc will post 12.4165252 earnings per share for the current fiscal year.

Insider Transactions at ASOS

In other ASOS news, insider José Antonio Ramos Calamonte sold 13,061 shares of ASOS stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of GBX 219, for a total value of £28,603.59. Also, insider William Barker acquired 132,455 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were purchased at an average cost of GBX 381 per share, for a total transaction of £504,653.55. Over the last three months, insiders have bought 223,531 shares of company stock valued at $76,003,437. 18.03% of the stock is currently owned by insiders.

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.