ASOS (LON:ASC) Sets New 12-Month High - Here's Why

ASOS Plc (LON:ASC - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as GBX 456.20 ($5.74) and last traded at GBX 450.80 ($5.67), with a volume of 170454 shares trading hands. The stock had previously closed at GBX 432 ($5.44).

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ASC shares. Shore Capital reiterated a "hold" rating on shares of ASOS in a research note on Tuesday, November 5th. Barclays cut ASOS to an "underweight" rating and decreased their price objective for the stock from GBX 300 ($3.78) to GBX 290 ($3.65) in a research report on Monday, September 9th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 490 ($6.17) target price on shares of ASOS in a report on Thursday, September 5th. One 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of GBX 391 ($4.92).

ASOS Stock Up 2.3 %

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 £526.29 million, a price-to-earnings ratio of -222.04, a PEG ratio of -1.26 and a beta of 2.86. The firm has a fifty day moving average price of GBX 378.87 and a 200 day moving average price of GBX 381.98.

Insiders Place Their Bets

In other news, insider Dave Murray purchased 5,800 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of GBX 346 ($4.35) per share, for a total transaction of £20,068 ($25,252.30). 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 shares were sold at an average price of GBX 336 ($4.23), for a total value of £6,689.76 ($8,417.97). In the last ninety days, insiders have purchased 537,473 shares of company stock worth $194,840,753. Corporate insiders own 51.44% 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.