ASOS (LON:ASC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of ASOS Plc (LON:ASC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 275.04 and traded as high as GBX 284. ASOS shares last traded at GBX 280.50, with a volume of 90,814 shares trading hands.

Wall Street Analyst Weigh In

ASC has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating for the company in a research report on Monday, November 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a report on Thursday, November 13th. Shore Capital Group restated a “buy” rating and set a GBX 400 target price on shares of ASOS in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft dropped their price target on ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research report on Friday, November 21st. Finally, Panmure Gordon reaffirmed a “hold” rating and issued a GBX 350 price target on shares of ASOS in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 383.33.

ASOS Trading Up 0.2%

The company has a market cap of £335.63 million, a PE ratio of -1.12, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company’s 50 day simple moving average is GBX 292.12 and its two-hundred day simple moving average is GBX 275.04. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39.

Insider Buying and Selling

In other news, insider William Barker purchased 132,455 shares of the stock in a transaction dated Tuesday, January 20th. The stock was acquired at an average cost of GBX 381 per share, for a total transaction of £504,653.55. Insiders acquired 223,531 shares of company stock worth $76,003,437 in the last 90 days. 18.40% of the stock is 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.