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ASOS (LON:ASC) Shares Pass Below Two Hundred 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 Thursday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on ASC

ASOS Price Performance

The stock has a market capitalization of £390.45 million, a P/E ratio of -1.15, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The business's 50 day simple moving average is GBX 309.23 and its two-hundred day simple moving average is GBX 328.76. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55.

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 net margin of 11.66% and a negative return on equity of 59.37%. As a group, sell-side analysts forecast 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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