ASOS (LON:ASC) Shares Cross Below 200-Day Moving Average - Should You Sell?

ASOS Plc (LON:ASC - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 326.27 ($4.41) and traded as low as GBX 318.50 ($4.31). ASOS shares last traded at GBX 337.50 ($4.56), with a volume of 192,271 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on ASC shares. Berenberg Bank reissued a "buy" rating and set a GBX 600 ($8.11) target price on shares of ASOS in a research note on Thursday, April 24th. Shore Capital reissued a "buy" rating on shares of ASOS in a research note on Tuesday, June 17th.

ASOS Price Performance

The company has a market capitalization of £397.42 million, a PE ratio of -1.17, 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 has a fifty day simple moving average of GBX 313.34 and a 200-day simple moving average of GBX 324.67.

ASOS (LON:ASC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.25)) earnings per share (EPS) for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. Equities analysts anticipate 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.