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

ASOS Plc (LON:ASC) shares crossed 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 trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “hold” rating on shares of ASOS in a research report on Tuesday, November 5th. One equities 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 391 ($4.76).

ASOS Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.51 and a debt-to-equity ratio of 158.84. The firm has a market cap of £484.78 million, a P/E ratio of -204.52, a P/E/G ratio of -1.26 and a beta of 2.86. The business has a fifty day simple moving average of GBX 394.99 and a 200-day simple moving average of GBX 388.15.

Insider Transactions at ASOS

In related news, insider Dave Murray acquired 5,800 shares of ASOS stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of GBX 346 ($4.21) per share, with a total value of £20,068 ($24,416.60). Also, insider William Barker bought 150,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of GBX 367 ($4.47) per share, for a total transaction of £550,500 ($669,789.51). Insiders have acquired 537,473 shares of company stock valued at $194,840,753 in the last three months. 51.44% of the stock is currently owned by company 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.