ASOS (LON:ASC) Hits New 12-Month High – Time to Buy?

ASOS Plc (LON:ASC)’s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 454.20 ($5.68) and last traded at GBX 449 ($5.62), with a volume of 49745 shares changing hands. The stock had previously closed at GBX 445.20 ($5.57).

Analyst Ratings Changes

ASC has been the subject of several research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 490 ($6.13) target price on shares of ASOS in a research report on Thursday, September 5th. Barclays lowered ASOS to an “underweight” rating and dropped their price target for the stock from GBX 300 ($3.75) to GBX 290 ($3.63) in a research note on Monday, September 9th. Finally, Shore Capital reissued 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 issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 391 ($4.89).

ASOS Trading Down 0.6 %

The firm’s 50-day simple moving average is GBX 384.59 and its 200-day simple moving average is GBX 384.43. The firm has a market capitalization of £527.18 million, a PE ratio of -222.41, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84.

Insider Activity

In other news, insider Dave Murray acquired 5,800 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of GBX 346 ($4.33) per share, for a total transaction of £20,068 ($25,110.11). Also, insider William Barker bought 150,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of GBX 367 ($4.59) per share, with a total value of £550,500 ($688,813.81). In the last quarter, insiders purchased 537,473 shares of company stock valued at $194,840,753. Insiders own 51.44% of the company’s stock.

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.