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

ASOS Plc (LON:ASC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 259.16 and traded as high as GBX 286. ASOS shares last traded at GBX 277, with a volume of 561,088 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Shore Capital Group restated a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 600 target price on shares of ASOS in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft increased their target price on ASOS from GBX 375 to GBX 400 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. increased their price target on ASOS from GBX 240 to GBX 285 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, ASOS presently has an average rating of “Moderate Buy” and a consensus target price of GBX 364.33.

ASOS Stock Up 1.7%

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 firm has a market capitalization of £331.43 million, a PE ratio of -1.43, a price-to-earnings-growth ratio of -1.26 and a beta of 2.27. The firm has a 50-day moving average of GBX 234.72 and a two-hundred day moving average of GBX 259.16.

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

Insider Transactions at ASOS

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 purchased at an average cost of GBX 258 per share, for a total transaction of £40,709.82. In the last three months, insiders acquired 1,733,163 shares of company stock valued at $407,118,076. 19.82% of the stock is currently 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.