ASOS (LON:ASC) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Shares of ASOS Plc (LON:ASC - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 380.89 ($4.77) and traded as high as GBX 418 ($5.24). ASOS shares last traded at GBX 416.60 ($5.22), with a volume of 336,177 shares traded.

Wall Street Analysts Forecast Growth

ASC has been the subject of a number of recent analyst reports. Barclays lowered shares of ASOS to an "underweight" rating and lowered their target price for the company from GBX 300 ($3.76) to GBX 290 ($3.64) in a research note on Monday, September 9th. Berenberg Bank restated a "buy" rating and issued a GBX 490 ($6.14) target price on shares of ASOS in a research note on Thursday, September 5th. Finally, Shore Capital reaffirmed a "hold" rating on shares of ASOS in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 391 ($4.90).

ASOS Stock Up 3.7 %

The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84. The firm has a market cap of £514.56 million, a PE ratio of -217.09, a P/E/G ratio of -1.26 and a beta of 2.86. The business's 50-day simple moving average is GBX 377.50 and its 200 day simple moving average is GBX 380.89.

Insider Activity

In other news, insider William Barker acquired 381,673 shares of the business's stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of GBX 361 ($4.53) per share, with a total value of £1,377,839.53 ($1,727,265.30). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.21), for a total transaction of £6,689.76 ($8,386.31). Over the last ninety days, insiders have acquired 537,473 shares of company stock worth $194,840,753. Corporate insiders own 51.44% of the company's stock.

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.