ASOS (LON:ASC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

ASOS Plc (LON:ASC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 380.89 ($4.77) and traded as high as GBX 418 ($5.24). ASOS shares last traded at GBX 416.60 ($5.22), with a volume of 336,177 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on ASC shares. Shore Capital restated a “hold” rating on shares of ASOS in a research note on Tuesday, November 5th. Barclays lowered ASOS to an “underweight” rating and dropped their target price for the stock from GBX 300 ($3.76) to GBX 290 ($3.64) in a research report on Monday, September 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 490 ($6.14) target price on shares of ASOS in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, ASOS has an average rating of “Hold” and a consensus price target of GBX 391 ($4.90).

ASOS Stock Performance

The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. The stock has a market capitalization of £514.56 million, a P/E ratio of -217.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a fifty day moving average of GBX 377.82 and a two-hundred day moving average of GBX 381.28.

Insider Activity at ASOS

In related news, insider William Barker bought 381,673 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of GBX 361 ($4.53) per share, with a total value of £1,377,839.53 ($1,727,265.30). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of GBX 336 ($4.21), for a total value of £6,689.76 ($8,386.31). Insiders bought a total of 537,473 shares of company stock valued at $194,840,753 over the last three months. 51.44% of the stock is owned by 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.