ASOS (LON:ASC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

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 259.16 and traded as high as GBX 286. ASOS shares last traded at GBX 277, with a volume of 561,088 shares.

Analyst Ratings Changes

ASC has been the subject of several analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of ASOS from GBX 240 to GBX 285 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 364.33.

ASOS Stock Up 1.7%

The firm has a fifty day simple moving average of GBX 234.72 and a 200-day simple moving average of GBX 259.16. The firm has a market cap of £331.43 million, a price-to-earnings ratio of -1.43, a P/E/G ratio of -1.26 and a beta of 2.27. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95.

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

Insider Buying and Selling at ASOS

In other news, insider William Barker bought 15,779 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of GBX 258 per share, with a total value of £40,709.82. Insiders acquired a total of 1,733,163 shares of company stock worth $407,118,076 over the last three months. 18.40% of the stock is currently owned by company 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.