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ASOS (LON:ASC) Shares Cross Below Two Hundred Day Moving Average - What's Next?

ASOS logo with Consumer Cyclical background

ASOS Plc (LON:ASC - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 393.58 ($4.97) and traded as low as GBX 361.20 ($4.56). ASOS shares last traded at GBX 364.60 ($4.61), with a volume of 228,135 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated 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 issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of GBX 391 ($4.94).

View Our Latest Analysis on ASC

ASOS Stock Performance

The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The company has a market cap of £426.74 million, a PE ratio of -1.26, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company's 50 day moving average price is GBX 405.10 and its 200-day moving average price is GBX 393.17.

ASOS Company Profile

(Get Free Report)

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.

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