ASOS (LON:ASC) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of ASOS Plc (LON:ASC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 279.44 and traded as high as GBX 398.50. ASOS shares last traded at GBX 394, with a volume of 136,711 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of ASOS in a report on Wednesday, July 1st. Shore Capital Group reissued a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. increased their price objective on ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada increased their price objective on ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, ASOS has a consensus rating of “Moderate Buy” and a consensus price target of GBX 375.86.

ASOS Trading Down 0.7%

The business’s 50-day moving average price is GBX 329.23 and its two-hundred day moving average price is GBX 279.99. 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 firm has a market cap of £468.64 million, a price-to-earnings ratio of -2.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.31.

Insider Transactions at ASOS

In other news, insider William Barker bought 15,779 shares of the stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of GBX 258 per share, with a total value of £40,709.82. Company insiders own 19.82% 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.