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

ASOS Plc (LON:ASC)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, ASOS currently has an average rating of “Hold” and an average price target of GBX 391 ($4.85).

ASOS Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The firm has a 50 day moving average price of GBX 404.28 and a 200 day moving average price of GBX 391.31. The stock has a market cap of £506.03 million, a PE ratio of -213.49, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported GBX (284.40) (($3.53)) EPS for the quarter. ASOS had a negative net margin of 7.72% and a negative return on equity of 35.11%. As a group, research analysts forecast that ASOS Plc will post 12.4165252 earnings per share for the current year.

Insider Transactions at ASOS

In related news, insider William Barker purchased 381,673 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of GBX 361 ($4.48) per share, with a total value of £1,377,839.53 ($1,708,418.51). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of ASOS stock in a transaction on Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.17), for a total transaction of £6,689.76 ($8,294.80). Insiders have bought a total of 537,473 shares of company stock valued at $194,840,753 in the last 90 days. Insiders own 51.44% of the company’s stock.

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.