ASOS (LON:ASC) Stock Price Up 0.2% – Time to Buy?

ASOS Plc (LON:ASC) traded up 0.2% during trading on Thursday . The company traded as high as GBX 409.40 ($5.17) and last traded at GBX 400.20 ($5.05). 189,019 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 380,029 shares. The stock had previously closed at GBX 399.40 ($5.04).

Analyst Upgrades and Downgrades

ASC has been the subject of several analyst reports. Shore Capital reiterated a “hold” rating on shares of ASOS in a research note on Tuesday, November 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 490 ($6.18) price objective on shares of ASOS in a research note on Thursday, September 5th. Finally, Barclays cut shares of ASOS to an “underweight” rating and dropped their target price for the company from GBX 300 ($3.79) to GBX 290 ($3.66) in a research report on Monday, September 9th. 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.com, the stock has an average rating of “Hold” and a consensus target price of GBX 391 ($4.93).

ASOS Stock Performance

The stock has a market cap of £485.02 million, a price-to-earnings ratio of -204.62, 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 company has a 50 day simple moving average of GBX 380.43 and a 200 day simple moving average of GBX 379.61.

Insider Activity at ASOS

In other news, insider Dave Murray acquired 5,800 shares of ASOS stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of GBX 346 ($4.37) per share, for a total transaction of £20,068 ($25,328.79). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of GBX 336 ($4.24), for a total value of £6,689.76 ($8,443.47). In the last three months, insiders have purchased 537,473 shares of company stock valued at $194,840,753. 51.44% of the stock is owned by 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.