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ASOS (LON:ASC) Stock Price Crosses Below 200-Day Moving Average - Here's Why

ASOS logo with Consumer Cyclical background

Shares of ASOS Plc (LON:ASC - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on ASOS

ASOS Stock Up 2.7%

The stock has a market capitalization of £369.32 million, a price-to-earnings ratio of -1.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The business's 50-day moving average is GBX 282.75 and its two-hundred day moving average is GBX 349.13.

ASOS (LON:ASC - Get Free Report) last issued 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 return on equity of 59.37% and a negative net margin of 11.66%. Equities analysts anticipate that ASOS Plc will post 12.4165252 EPS for the current year.

ASOS Company Profile

(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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