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

ASOS Plc (LON:ASC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 266.82 and traded as high as GBX 359.50. ASOS shares last traded at GBX 343.44, with a volume of 1,061,518 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASC. Shore Capital Group reissued a “buy” rating on shares of ASOS in a research report on Thursday, April 23rd. 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. JPMorgan Chase & Co. lifted their target price on shares of ASOS from GBX 285 to GBX 330 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 600 price target on shares of ASOS in a research report on Wednesday, July 1st. Four 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 company currently has an average rating of “Moderate Buy” and an average price target of GBX 371.83.

ASOS Stock Up 5.2%

The company has a 50 day simple moving average of GBX 269.42 and a two-hundred day simple moving average of GBX 266.82. The company has a quick ratio of 0.39, a current ratio of 0.95 and a debt-to-equity ratio of 855.63. The company has a market capitalization of £410.93 million, a P/E ratio of -1.78, a PEG ratio of -1.26 and a beta of 2.28.

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

Insiders Place Their Bets

In related news, insider William Barker purchased 15,779 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average cost of GBX 258 per share, for a total transaction of £40,709.82. In the last 90 days, insiders acquired 1,733,163 shares of company stock worth $407,118,076. Corporate 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.