ASOS (LON:ASC) Stock Passes Above Two Hundred Day Moving Average of $369.37

ASOS Plc (LON:ASC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 369.37 ($4.67) and traded as high as GBX 373.80 ($4.73). ASOS shares last traded at GBX 368.20 ($4.66), with a volume of 290,528 shares traded.

Wall Street Analysts Forecast Growth

ASC has been the subject of a number of analyst reports. Barclays reissued an “equal weight” rating on shares of ASOS in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 500 ($6.32) price objective on shares of ASOS in a research note on Thursday, April 18th. Shore Capital reissued a “sell” rating on shares of ASOS in a research note on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price objective on ASOS from GBX 350 ($4.43) to GBX 300 ($3.79) and set a “neutral” rating for the company in a research note on Thursday, April 18th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 375 ($4.74) price objective on shares of ASOS in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 443.33 ($5.61).

ASOS Stock Performance

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 company has a market cap of £440.81 million, a P/E ratio of -185.03, a P/E/G ratio of -1.26 and a beta of 2.70. The business has a fifty day moving average of GBX 361.54 and a 200 day moving average of GBX 369.37.

Insider Activity at ASOS

In other ASOS news, insider William Barker bought 180,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of GBX 341 ($4.31) per share, for a total transaction of £613,800 ($776,372.38). 50.41% of the stock is owned by corporate insiders.

About ASOS

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.