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

ASOS Plc (LON:ASC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 275.04 and traded as high as GBX 284. ASOS shares last traded at GBX 280.50, with a volume of 90,814 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Berenberg Bank restated a “buy” rating and set a GBX 600 price target on shares of ASOS in a research report on Thursday, November 13th. Peel Hunt reissued 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. cut their price target on ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research note on Monday, November 24th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of ASOS in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on ASOS from GBX 440 to GBX 375 and set a “buy” rating on the stock in a research report on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 383.33.

ASOS Stock Performance

The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The firm’s 50-day moving average is GBX 292.12 and its two-hundred day moving average is GBX 275.04. The stock has a market cap of £335.63 million, a price-to-earnings ratio of -1.12, a P/E/G ratio of -1.26 and a beta of 2.86.

Insider Activity at ASOS

In other news, insider William Barker bought 132,455 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were acquired at an average price of GBX 381 per share, for a total transaction of £504,653.55. Insiders purchased a total of 223,531 shares of company stock worth $76,003,437 over the last ninety days. 18.40% of the stock is owned by corporate 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.