ASOS (LON:ASC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

ASOS Plc (LON:ASC)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 387.73 ($4.72) and traded as high as GBX 410.60 ($5.00). ASOS shares last traded at GBX 405 ($4.93), with a volume of 264,128 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reissued a “hold” rating on shares of ASOS in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, ASOS currently has a consensus rating of “Hold” and a consensus target price of GBX 391 ($4.76).

ASOS Price Performance

The stock has a market capitalization of £484.78 million, a PE ratio of -204.52, a P/E/G ratio of -1.26 and a beta of 2.86. The firm’s 50 day simple moving average is GBX 394.99 and its 200 day simple moving average is GBX 388.15. The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39.

Insider Buying and Selling

In related news, insider William Barker acquired 150,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of GBX 367 ($4.47) per share, with a total value of £550,500 ($669,789.51). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.09), for a total transaction of £6,689.76 ($8,139.38). Insiders have acquired a total of 537,473 shares of company stock worth $194,840,753 in the last 90 days. 51.44% of the stock is owned by company insiders.

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.