ASOS (LON:ASC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of ASOS Plc (LON:ASC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 282.18 and traded as high as GBX 398. ASOS shares last traded at GBX 389.50, with a volume of 116,185 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ASC shares. Royal Bank Of Canada boosted 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 600 price target on shares of ASOS in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and three 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 a consensus price target of GBX 375.86.

ASOS Trading Up 1.7%

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 stock has a fifty day simple moving average of GBX 342.28 and a 200 day simple moving average of GBX 282.98. The firm has a market capitalization of £473.81 million, a P/E ratio of -2.05, a PEG ratio of -1.26 and a beta of 2.31.

Insider Activity

In other ASOS news, insider William Barker bought 15,779 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of GBX 258 per share, with a total value of £40,709.82. 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.