ASOS (LON:ASC) Stock Price Down 3.4% - Here's Why

ASOS Plc (LON:ASC - Get Free Report) shares were down 3.4% during mid-day trading on Thursday . The company traded as low as GBX 283 ($3.78) and last traded at GBX 295.59 ($3.95). Approximately 298,919 shares changed hands during trading, a decline of 42% from the average daily volume of 511,575 shares. The stock had previously closed at GBX 306 ($4.09).

Wall Street Analyst Weigh In

Several research analysts have recently commented on ASC shares. Shore Capital reissued a "buy" rating on shares of ASOS in a report on Thursday, April 24th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 600 ($8.01) price objective on shares of ASOS in a research report on Thursday, April 24th.

ASOS Stock Performance

The business's 50-day moving average price is GBX 285.28 and its 200-day moving average price is GBX 352.09. The stock has a market cap of £332.04 million, a P/E ratio of -0.98, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61.

ASOS (LON:ASC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.23)) 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, sell-side analysts expect that ASOS Plc will post 12.4165252 earnings per share for the current fiscal 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.