ASOS (LON:ASC) Reaches New 1-Year High – Time to Buy?

ASOS Plc (LON:ASC) shares hit a new 52-week high on Thursday . The company traded as high as GBX 454.20 ($5.64) and last traded at GBX 449 ($5.58), with a volume of 49745 shares changing hands. The stock had previously closed at GBX 445.20 ($5.53).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ASC shares. Barclays downgraded shares of ASOS to an “underweight” rating and dropped their target price for the stock from GBX 300 ($3.73) to GBX 290 ($3.60) in a research note on Monday, September 9th. Shore Capital restated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, ASOS has a consensus rating of “Hold” and a consensus target price of GBX 391 ($4.86).

ASOS Trading Down 1.5 %

The stock has a market capitalization of £511.70 million, a P/E ratio of -215.88, a P/E/G ratio of -1.26 and a beta of 2.86. 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 stock’s 50 day moving average price is GBX 386.93 and its 200-day moving average price is GBX 385.30.

Insider Transactions at ASOS

In other ASOS news, insider Dave Murray purchased 5,800 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of GBX 346 ($4.30) per share, for a total transaction of £20,068 ($24,929.19). Also, insider William Barker purchased 150,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of GBX 367 ($4.56) per share, for a total transaction of £550,500 ($683,850.93). In the last three months, insiders purchased 537,473 shares of company stock valued at $194,840,753. Corporate insiders own 51.44% of the company’s stock.

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.