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

Shares of ASOS Plc (LON:ASC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 387.73 ($4.75) and traded as high as GBX 410.60 ($5.03). ASOS shares last traded at GBX 405 ($4.96), with a volume of 264,128 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of ASOS in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, ASOS currently has an average rating of “Hold” and a consensus price target of GBX 391 ($4.79).

ASOS Stock Up 2.0 %

The stock has a 50-day simple moving average of GBX 392.79 and a two-hundred day simple moving average of GBX 387.73. The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The firm has a market cap of £491.83 million, a PE ratio of -207.50, a P/E/G ratio of -1.26 and a beta of 2.86.

Insider Activity

In other ASOS news, insider William Barker bought 381,673 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of GBX 361 ($4.42) per share, with a total value of £1,377,839.53 ($1,686,462.09). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.11), for a total value of £6,689.76 ($8,188.20). Over the last three months, insiders have purchased 537,473 shares of company stock valued at $194,840,753. 51.44% of the stock is currently 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.