ASOS (LON:ASC) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

ASOS Plc (LON:ASC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 258.95 and traded as low as GBX 223.50. ASOS shares last traded at GBX 231.61, with a volume of 2,679,848 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASC shares. Shore Capital Group reissued a “buy” rating on shares of ASOS in a report on Thursday, April 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 600 price objective on shares of ASOS in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and two have assigned 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 352.67.

ASOS Stock Up 3.2%

The stock’s fifty day moving average is GBX 239.21 and its two-hundred day moving average is GBX 259.05. 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 cap of £276.64 million, a P/E ratio of -0.93, a price-to-earnings-growth ratio of -1.26 and a beta of 2.25.

ASOS (LON:ASC) last posted 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 for the quarter. ASOS had a negative return on equity of 155.17% and a negative net margin of 10.10%. As a group, research analysts anticipate that ASOS Plc will post 12.4165252 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider William Barker bought 1,627,693 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average price of GBX 235 per share, with a total value of £3,825,078.55. Company insiders own 18.40% of the company’s stock.

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.