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

ASOS logo with Consumer Cyclical background

Shares of ASOS Plc (LON:ASC - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 337.96 ($4.60) and traded as low as GBX 307.50 ($4.19). ASOS shares last traded at GBX 307.50 ($4.19), with a volume of 148,573 shares.

Analyst Ratings Changes

Several research analysts have commented on ASC shares. Shore Capital reissued 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 ($8.17) target price on shares of ASOS in a report on Thursday, April 24th.

Get Our Latest Report on ASC

ASOS Price Performance

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 stock has a market cap of £371.00 million, a P/E ratio of -1.10, a PEG ratio of -1.26 and a beta of 2.86. The firm's fifty day moving average price is GBX 307.61 and its 200-day moving average price is GBX 337.96.

ASOS (LON:ASC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.27)) 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%. Analysts forecast that ASOS Plc will post 12.4165252 earnings per share 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.

See Also

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