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ASOS (LON:ASC) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

ASOS logo with Consumer Cyclical background

ASOS Plc (LON:ASC - Get Free Report) 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 ($4.17). ASOS shares last traded at GBX 315 ($4.24), with a volume of 148,993 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on ASC. Berenberg Bank reissued a "buy" rating and set a GBX 600 ($8.08) price objective on shares of ASOS in a research note on Thursday, April 24th. Shore Capital reissued a "buy" rating on shares of ASOS in a research note on Thursday, April 24th.

Read Our Latest Stock Report on ASOS

ASOS Trading Up 1.3%

The business's 50-day moving average is GBX 294.99 and its two-hundred day moving average is GBX 344.95. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The stock has a market capitalization of £380.04 million, a PE ratio of -1.12, a PEG ratio of -1.26 and a beta of 2.86.

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

About ASOS

(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.

Further Reading

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