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

ASOS logo with Consumer Cyclical background

ASOS Plc (LON:ASC - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 337.96 ($4.64) and traded as low as GBX 307.50 ($4.22). ASOS shares last traded at GBX 307.50 ($4.22), with a volume of 148,573 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASC. Shore Capital restated a "buy" rating on shares of ASOS in a research note on Tuesday, June 17th. Berenberg Bank restated a "buy" rating and issued a GBX 600 ($8.23) price objective on shares of ASOS in a research note on Thursday, April 24th.

Read Our Latest Research Report on ASOS

ASOS Stock Performance

The stock has a market capitalization of £368.60 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 firm has a fifty day moving average of GBX 307.51 and a 200 day moving average of GBX 336.23. 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 (LON:ASC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.29)) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. On average, sell-side analysts anticipate that ASOS Plc will post 12.4165252 earnings per share for the current fiscal 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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