ASOS (LON:ASC) Reaches New 52-Week High – Here’s What Happened

ASOS Plc (LON:ASC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 456.20 ($5.74) and last traded at GBX 450.80 ($5.67), with a volume of 170454 shares. The stock had previously closed at GBX 432 ($5.44).

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 490 ($6.17) target price on shares of ASOS in a research report on Thursday, September 5th. Barclays cut shares of ASOS to an “underweight” rating and dropped their price objective for the stock from GBX 300 ($3.78) to GBX 290 ($3.65) in a research note on Monday, September 9th. Finally, Shore Capital restated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, ASOS currently has an average rating of “Hold” and a consensus price target of GBX 391 ($4.92).

ASOS Stock Up 2.3 %

The company has a market cap of £526.29 million, a PE ratio of -222.04, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a fifty day moving average of GBX 380.16 and a two-hundred day moving average of GBX 382.64. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51.

Insider Activity

In other ASOS news, insider Dave Murray bought 5,800 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of GBX 346 ($4.35) per share, for a total transaction of £20,068 ($25,252.30). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of GBX 336 ($4.23), for a total value of £6,689.76 ($8,417.97). Over the last quarter, insiders have bought 537,473 shares of company stock valued at $194,840,753. 51.44% of the stock is currently owned by company insiders.

About ASOS

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.