ASOS (LON:ASC) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• ASOS stocks have recently crossed above the 200-day moving average, indicating potential upward momentum in share price.
• Wall Street analysts maintain a positive outlook, with a "buy" rating and an average price target of GBX 600 for ASOS shares.
• The company's current market capitalization stands at £355.17 million, with a notably high debt-to-equity ratio of 187.55.

ASOS Plc (LON:ASC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 300.23 ($4.02) and traded as high as GBX 304.50 ($4.08). ASOS shares last traded at GBX 298 ($3.99), with a volume of 120,119 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of ASOS in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 600.

ASOS Stock Performance

The firm's fifty day simple moving average is GBX 303.12 and its 200 day simple moving average is GBX 300.23. The company has a market capitalization of £355.17 million, a PE ratio of -120.70, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39.

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.

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