ASOS Plc (ASC.L) (LON:ASC) Shares Cross Above 200-Day Moving Average of $4,032.83

Shares of ASOS Plc (ASC.L) (LON:ASC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4,032.83 and traded as high as $4,598.00. ASOS Plc (ASC.L) shares last traded at $4,563.14, with a volume of 141,602 shares trading hands.

A number of research firms recently commented on ASC. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,500 ($84.92) price objective on shares of ASOS Plc (ASC.L) in a research note on Wednesday, October 14th. Barclays reaffirmed a “neutral” rating and issued a GBX 4,825 ($63.04) price objective on shares of ASOS Plc (ASC.L) in a research note on Thursday, October 15th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,900 ($77.08) price objective on shares of ASOS Plc (ASC.L) in a research note on Wednesday, November 11th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 6,500 ($84.92) price objective on shares of ASOS Plc (ASC.L) in a research note on Wednesday, October 14th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of ASOS Plc (ASC.L) in a research note on Monday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 4,842.29 ($63.26).

The firm has a market capitalization of $5.25 billion and a P/E ratio of 36.33. The stock has a fifty day simple moving average of GBX 4,795.99 and a two-hundred day simple moving average of GBX 4,032.83. The company has a debt-to-equity ratio of 38.64, a current ratio of 1.19 and a quick ratio of 0.54.

In other news, insider Luke Jensen acquired 1,969 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was purchased at an average price of GBX 5,070 ($66.24) per share, for a total transaction of £99,828.30 ($130,426.31). Also, insider Nicholas Robertson sold 148,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of GBX 4,375 ($57.16), for a total value of £6,475,000 ($8,459,628.95).

ASOS Plc (ASC.L) Company Profile (LON:ASC)

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. It offers womenswear and menswear products. The company sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms.

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