ASOS (LON:ASC) Shares Pass Below 200 Day Moving Average – Here’s Why

ASOS Plc (LON:ASC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 393.58 ($4.97) and traded as low as GBX 361.20 ($4.56). ASOS shares last traded at GBX 364.60 ($4.60), with a volume of 228,135 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a “hold” rating on shares of ASOS in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, ASOS currently has an average rating of “Hold” and an average target price of GBX 391 ($4.93).

ASOS Stock Performance

The firm has a market cap of £435.15 million, a price-to-earnings ratio of -1.29, a PEG ratio of -1.26 and a beta of 2.86. The firm’s fifty day moving average price is GBX 407.09 and its 200-day moving average price is GBX 393.58. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

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.