ASOS (LON:ASC) Stock Crosses Below 200-Day Moving Average - Should You Sell?

ASOS Plc (LON:ASC - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 347.60 ($4.70) and traded as low as GBX 307.50 ($4.16). ASOS shares last traded at GBX 318 ($4.30), with a volume of 197,689 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASC. Shore Capital reaffirmed a "buy" rating on shares of ASOS in a research report on Thursday, April 24th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 600 ($8.12) price target on shares of ASOS in a research report on Thursday, April 24th.

ASOS Stock Down 1.1%

The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The firm has a market cap of £373.99 million, a P/E ratio of -1.11, a PEG ratio of -1.26 and a beta of 2.86. The stock's 50-day simple moving average is GBX 291.61 and its 200 day simple moving average is GBX 346.58.

ASOS (LON:ASC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.26)) 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 forecast that ASOS Plc will post 12.4165252 EPS for the current fiscal year.

About ASOS

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.