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ASOS (LON:ASC) Shares Pass Below 200-Day Moving Average - Here's What Happened

ASOS logo with Consumer Cyclical background

ASOS Plc (LON:ASC - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 326.27 ($4.38) and traded as low as GBX 318.50 ($4.28). ASOS shares last traded at GBX 337.50 ($4.53), with a volume of 192,271 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ASC shares. Berenberg Bank reissued a "buy" rating and issued a GBX 600 ($8.05) price objective on shares of ASOS in a report on Thursday, April 24th. Shore Capital reaffirmed a "buy" rating on shares of ASOS in a research report on Tuesday, June 17th.

View Our Latest Report on ASOS

ASOS Trading Up 6.1%

The business has a 50 day moving average of GBX 313.34 and a 200-day moving average of GBX 326.27. The stock has a market cap of £404.56 million, a PE ratio of -1.20, a price-to-earnings-growth 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.

ASOS (LON:ASC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.24)) EPS for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. On average, analysts anticipate that ASOS Plc will post 12.4165252 EPS for the current year.

About ASOS

(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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