ASOS (LON:ASC) Shares Pass Below 200-Day Moving Average - What's Next?

ASOS Plc (LON:ASC - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 346.01 ($4.66) and traded as low as GBX 309.50 ($4.16). ASOS shares last traded at GBX 315 ($4.24), with a volume of 148,993 shares traded.

Analyst Upgrades and Downgrades

ASC has been the subject of a number of research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 600 ($8.07) price target on shares of ASOS in a research report on Thursday, April 24th. Shore Capital reaffirmed a "buy" rating on shares of ASOS in a research report on Thursday, April 24th.

ASOS Trading Up 1.3%

The firm has a market cap of £380.04 million, a price-to-earnings ratio of -1.12, a PEG ratio of -1.26 and a beta of 2.86. The company has a fifty day moving average price of GBX 294.74 and a 200-day moving average price of GBX 345.50. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

ASOS (LON:ASC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported GBX (166.80) (($2.24)) earnings per share (EPS) for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. As a group, research analysts expect that ASOS Plc will post 12.4165252 EPS for the current year.

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.