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ASOS (LON:ASC) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

ASOS logo with Consumer Cyclical background

Key Points

  • ASOS Plc shares have fallen below their 200-day moving average of GBX 316.01, trading as low as GBX 309.74 during the latest session.
  • Equities analysts continue to back ASOS, with Shore Capital and Berenberg Bank reaffirming 'buy' ratings and setting a target price of GBX 600.
  • The company operates as an online fashion retailer, offering a wide range of products across various international markets.
  • Looking to export and analyze ASOS data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

ASOS Plc (LON:ASC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 316.01 ($4.28) and traded as low as GBX 309.74 ($4.20). ASOS shares last traded at GBX 313.50 ($4.25), with a volume of 142,003 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on ASC shares. Shore Capital reissued a "buy" rating on shares of ASOS in a research report on Tuesday, June 17th. Berenberg Bank reissued a "buy" rating and issued a GBX 600 ($8.13) price target on shares of ASOS in a research report on Thursday, April 24th.

Read Our Latest Stock Analysis on ASC

ASOS Trading Down 1.1%

The company has a market cap 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 company's fifty day moving average price is GBX 317.34 and its two-hundred day moving average price is GBX 314.07. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55.

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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