ASOS (LON:ASC) Shares Down 3.4% - Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 600 ($8.01) price objective on shares of ASOS in a research note on Thursday, April 24th. Shore Capital reiterated a "buy" rating on shares of ASOS in a report on Thursday, April 24th.

ASOS Stock Down 4.0 %

The firm's 50-day simple moving average is GBX 285.28 and its 200-day simple moving average is GBX 352.09. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The company has a market capitalization of £332.04 million, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported GBX (166.80) (($2.23)) earnings per share for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. Sell-side analysts forecast that ASOS Plc will post 12.4165252 earnings per share for the current 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.