ASOS (LON:ASC) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of ASOS Plc (LON:ASC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 275.75 and traded as high as GBX 370. ASOS shares last traded at GBX 354.93, with a volume of 4,136,264 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on ASC shares. Shore Capital Group restated a “buy” rating on shares of ASOS in a research note on Thursday, April 23rd. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their target price on shares of ASOS from GBX 285 to GBX 330 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada upped their price target on shares of ASOS from GBX 275 to GBX 400 and gave the company a “sector perform” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on ASOS from GBX 375 to GBX 400 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, ASOS currently has an average rating of “Moderate Buy” and a consensus price target of GBX 375.86.

ASOS Price Performance

The company has a market cap of £463.64 million, a P/E ratio of -2.01, a P/E/G ratio of -1.26 and a beta of 2.28. The stock has a 50-day simple moving average of GBX 316.51 and a 200 day simple moving average of GBX 276.85. The company has a debt-to-equity ratio of 855.63, a quick ratio of 0.39 and a current ratio of 0.95.

Insiders Place Their Bets

In other ASOS news, insider William Barker purchased 15,779 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of GBX 258 per share, for a total transaction of £40,709.82. 19.82% of the stock is owned by corporate 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.