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

ASOS Plc (LON:ASC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 375.16 ($4.87) and traded as high as GBX 376.24 ($4.88). ASOS shares last traded at GBX 370.60 ($4.81), with a volume of 265,628 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Berenberg Bank restated a "buy" rating and set a GBX 490 ($6.36) price objective on shares of ASOS in a report on Thursday, September 5th. Shore Capital restated a "sell" rating on shares of ASOS in a research note on Tuesday, September 10th. Finally, Barclays lowered shares of ASOS to an "underweight" rating and dropped their price objective for the company from GBX 300 ($3.90) to GBX 290 ($3.77) in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 391 ($5.08).

ASOS Price Performance

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 business has a 50-day moving average of GBX 404.05 and a 200 day moving average of GBX 375.12. The firm has a market capitalization of £440.71 million, a PE ratio of -185.66, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

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.