ASOS (LON:ASC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of ASOS Plc (LON:ASC) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 374.33 ($4.89) and traded as high as GBX 419.60 ($5.48). ASOS shares last traded at GBX 415.80 ($5.43), with a volume of 175,517 shares changing hands.

Analysts Set New Price Targets

ASC has been the subject of a number of research reports. Shore Capital reaffirmed a “sell” rating on shares of ASOS in a report on Tuesday, September 10th. Barclays downgraded ASOS to an “underweight” rating and decreased their target price for the company from GBX 300 ($3.92) to GBX 290 ($3.79) in a research note on Monday, September 9th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 490 ($6.40) price objective on shares of ASOS in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, ASOS has an average rating of “Hold” and a consensus price target of GBX 391 ($5.11).

ASOS Stock Performance

The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39. The company has a fifty day moving average of GBX 400.53 and a 200 day moving average of GBX 374.33. The stock has a market cap of £494.37 million, a P/E ratio of -208.94, a PEG ratio of -1.26 and a beta of 2.86.

ASOS Company Profile

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.