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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) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 334.75 ($4.57) and traded as low as GBX 302.50 ($4.13). ASOS shares last traded at GBX 312.51 ($4.27), with a volume of 224,965 shares traded.

Wall Street Analysts Forecast Growth

ASC has been the subject of several analyst reports. Shore Capital reiterated a "buy" rating on shares of ASOS in a research note on Tuesday, June 17th. Berenberg Bank reissued a "buy" rating and set a GBX 600 ($8.19) target price on shares of ASOS in a research note on Thursday, April 24th.

Read Our Latest Report on ASC

ASOS Price Performance

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 capitalization of £368.00 million, a PE ratio of -1.09, a PEG ratio of -1.26 and a beta of 2.86. The stock has a 50-day moving average price of GBX 307.68 and a 200 day moving average price of GBX 333.06.

ASOS (LON:ASC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.28)) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. Equities analysts forecast that ASOS Plc will post 12.4165252 EPS for the current fiscal year.

ASOS Company Profile

(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.

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