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ASOS (LON:ASC) Share Price Crosses Below 200-Day Moving Average - What's Next?

ASOS logo with Consumer Cyclical background

Shares of ASOS Plc (LON:ASC - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 330.97 ($4.46) and traded as low as GBX 313.50 ($4.23). ASOS shares last traded at GBX 316.79 ($4.27), with a volume of 146,114 shares changing hands.

Analyst Ratings Changes

Several equities analysts have commented on ASC shares. Shore Capital reissued a "buy" rating on shares of ASOS in a research report on Tuesday, June 17th. Berenberg Bank reiterated a "buy" rating and set a GBX 600 ($8.09) price target on shares of ASOS in a research note on Thursday, April 24th.

Check Out Our Latest Stock Report on ASC

ASOS Stock Performance

The stock's 50-day moving average price is GBX 308.74 and its 200 day moving average price is GBX 330.97. 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 company has a market cap of £381.05 million, a P/E ratio of -1.13, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported GBX (166.80) (($2.25)) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. As a group, research analysts expect that ASOS Plc will post 12.4165252 EPS for the current fiscal year.

About ASOS

(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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