ASOS (LON:ASC) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

ASOS Plc (LON:ASC) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 281.89 and traded as low as GBX 269. ASOS shares last traded at GBX 269, with a volume of 25,922 shares trading hands.

Wall Street Analysts Forecast Growth

ASC has been the topic of several recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 price objective on shares of ASOS in a research report on Thursday, November 13th. JPMorgan Chase & Co. dropped their price target on shares of ASOS from GBX 270 to GBX 240 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on ASOS from GBX 440 to GBX 375 and set a “buy” rating for the company in a research report on Friday, November 21st. Peel Hunt reissued an “add” rating and issued a GBX 335 price objective on shares of ASOS in a report on Thursday, November 13th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 350 target price on shares of ASOS in a research note on Monday, November 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 383.33.

ASOS Stock Down 0.4%

The firm’s fifty day moving average price is GBX 250.45 and its 200-day moving average price is GBX 281.64. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The firm has a market capitalization of £321.30 million, a P/E ratio of -1.08, a PEG ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC) last announced its earnings results on Friday, November 21st. The company reported GBX (250.10) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. As a group, equities research analysts forecast that ASOS Plc will post 12.4165252 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Aaron Izzard sold 604 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of GBX 219, for a total transaction of £1,322.76. Also, insider José Antonio Ramos Calamonte sold 13,061 shares of ASOS stock in a transaction dated Monday, November 24th. The stock was sold at an average price of GBX 219, for a total value of £28,603.59. 18.03% of the stock is currently owned by insiders.

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.