ASOS (LON:ASC) Trading 0.2% Higher – Should You Buy?

ASOS Plc (LON:ASC)’s share price traded up 0.2% on Thursday . The company traded as high as GBX 409.40 ($5.19) and last traded at GBX 400.20 ($5.07). 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 ($5.06).

Analyst Ratings Changes

A number of brokerages have weighed in on ASC. Barclays cut shares of ASOS to an “underweight” rating and reduced their price target for the company from GBX 300 ($3.80) to GBX 290 ($3.68) in a research report on Monday, September 9th. Shore Capital restated a “hold” rating on shares of ASOS in a report on Tuesday, November 5th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.21) target price on shares of ASOS in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 391 ($4.96).

ASOS Trading Up 0.2 %

The firm has a market cap of £476.68 million, a P/E ratio of -201.11, a P/E/G ratio of -1.26 and a beta of 2.86. The firm has a fifty day moving average of GBX 381.18 and a 200-day moving average of GBX 379.32. The company has a debt-to-equity ratio of 158.84, a quick ratio of 0.39 and a current ratio of 1.51.

Insider Buying and Selling at ASOS

In related news, insider William Barker acquired 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of GBX 367 ($4.65) per share, for a total transaction of £550,500 ($697,807.07). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of GBX 336 ($4.26), for a total transaction of £6,689.76 ($8,479.86). Over the last three months, insiders have purchased 537,473 shares of company stock worth $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.