ASOS (LON:ASC) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

ASOS Plc (LON:ASC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 350.32 ($4.65) and traded as low as GBX 274.50 ($3.64). ASOS shares last traded at GBX 277.81 ($3.69), with a volume of 176,392 shares changing hands.

Analysts Set New Price Targets

ASC has been the topic of a number of recent analyst reports. Shore Capital restated a "buy" rating on shares of ASOS in a research report on Thursday, April 24th. Berenberg Bank reissued a "buy" rating and issued a GBX 600 ($7.96) target price on shares of ASOS in a report on Thursday, April 24th.

ASOS Stock Performance

The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The stock has a market capitalization of £379.10 million, a price-to-earnings ratio of -1.12, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The stock has a 50-day moving average of GBX 283.21 and a 200 day moving average of GBX 348.85.

ASOS (LON:ASC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.21)) earnings per share for the quarter. ASOS had a negative net margin of 11.66% and a negative return on equity of 59.37%. On average, analysts expect that ASOS Plc will post 12.4165252 EPS 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.