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

ASOS Plc (LON:ASC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 390.74 ($4.84) and traded as high as GBX 445.40 ($5.52). ASOS shares last traded at GBX 424.84 ($5.27), with a volume of 1,783,997 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “hold” rating on shares of ASOS in a research report on Tuesday, November 5th. One research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 391 ($4.85).

ASOS Trading Down 2.6 %

The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51. The firm has a market capitalization of £506.03 million, a price-to-earnings ratio of -213.49, a P/E/G ratio of -1.26 and a beta of 2.86. The business has a fifty day moving average price of GBX 404.28 and a 200 day moving average price of GBX 391.31.

ASOS (LON:ASC) last released its quarterly earnings data on Tuesday, November 5th. The company reported GBX (284.40) (($3.53)) EPS for the quarter. ASOS had a negative return on equity of 35.11% and a negative net margin of 7.72%. As a group, equities analysts forecast that ASOS Plc will post 12.4165252 earnings per share for the current year.

Insider Buying and Selling at ASOS

In other ASOS news, insider Dave Murray bought 5,800 shares of ASOS stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of GBX 346 ($4.29) per share, for a total transaction of £20,068 ($24,882.83). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.17), for a total transaction of £6,689.76 ($8,294.80). Insiders have purchased 537,473 shares of company stock valued at $194,840,753 over the last three months. 51.44% of the stock is owned by company 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.