ASOS (LON:ASC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of ASOS Plc (LON:ASC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 290.41 and traded as high as GBX 418.50. ASOS shares last traded at GBX 417.50, with a volume of 150,270 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada boosted their target price on ASOS from GBX 275 to GBX 400 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research report on Thursday, August 27th. JPMorgan Chase & Co. boosted their price objective on ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Shore Capital Group upped their target price on shares of ASOS from GBX 420 to GBX 520 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, 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. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, ASOS currently has an average rating of “Moderate Buy” and an average price target of GBX 419.29.

ASOS Stock Performance

The stock has a 50 day moving average price of GBX 368.89 and a two-hundred day moving average price of GBX 291.33. The company has a current ratio of 0.95, a quick ratio of 0.39 and a debt-to-equity ratio of 855.63. The company has a market cap of £504.32 million, a price-to-earnings ratio of -2.18, a P/E/G ratio of -1.26 and a beta of 2.31.

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.