ASOS (LON:ASC) Share Price Passes Above 200 Day Moving Average of $703.31

ASOS Plc (LON:ASCGet Rating) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 703.31 ($8.71) and traded as high as GBX 783.50 ($9.70). ASOS shares last traded at GBX 768.50 ($9.51), with a volume of 701,296 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASC. Barclays set a GBX 590 ($7.30) price objective on shares of ASOS in a research note on Friday, January 13th. Credit Suisse Group set a GBX 680 ($8.42) price target on ASOS in a report on Friday, January 13th. Jefferies Financial Group set a GBX 750 ($9.29) price objective on ASOS in a research note on Tuesday, January 17th. Shore Capital reissued a “sell” rating on shares of ASOS in a research note on Monday, December 12th. Finally, UBS Group set a GBX 660 ($8.17) price target on ASOS in a research note on Thursday, January 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 952.73 ($11.80).

ASOS Stock Up 2.0 %

The company has a fifty day moving average price of GBX 612.45 and a 200-day moving average price of GBX 703.31. The company has a debt-to-equity ratio of 84.34, a quick ratio of 0.39 and a current ratio of 1.49. The firm has a market capitalization of £783.62 million and a PE ratio of 2,479.03.

Insider Activity at ASOS

In other ASOS news, insider José Antonio Ramos Calamonte sold 4,915 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of GBX 559 ($6.92), for a total transaction of £27,474.85 ($34,016.16).

ASOS Company Profile

(Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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