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

ASOS Plc (LON:ASC - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASC. Berenberg Bank restated a "buy" rating and set a GBX 600 ($8.19) target price 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 note on Tuesday, June 17th.

ASOS Stock Performance

The company has a market cap of £373.75 million, a price-to-earnings ratio of -1.10, a P/E/G ratio of -1.26 and a beta of 2.86. 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's 50 day moving average price is GBX 307.41 and its 200 day moving average price is GBX 334.75.

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%. On average, analysts expect 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.