ASOS (LON:ASC) Reaches New 52-Week High – What’s Next?

Shares of ASOS Plc (LON:ASC) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 454.20 ($5.68) and last traded at GBX 449 ($5.62), with a volume of 49745 shares. The stock had previously closed at GBX 445.20 ($5.57).

Analyst Ratings Changes

A number of brokerages have issued reports on ASC. Barclays downgraded shares of ASOS to an “underweight” rating and reduced their price objective for the company from GBX 300 ($3.75) to GBX 290 ($3.63) in a research report on Monday, September 9th. Shore Capital reiterated a “hold” rating on shares of ASOS in a research report on Tuesday, November 5th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.13) price objective on shares of ASOS in a report 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 391 ($4.89).

ASOS Stock Performance

The company has a market capitalization of £527.18 million, a P/E ratio of -222.41, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company’s 50 day moving average is GBX 384.59 and its 200-day moving average is GBX 384.43. The company has a current ratio of 1.51, a quick ratio of 0.39 and a debt-to-equity ratio of 158.84.

Insiders Place Their Bets

In related news, insider William Barker purchased 381,673 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of GBX 361 ($4.52) per share, with a total value of £1,377,839.53 ($1,724,023.44). Also, insider José Antonio Ramos Calamonte sold 1,991 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of GBX 336 ($4.20), for a total transaction of £6,689.76 ($8,370.57). Over the last quarter, insiders have acquired 537,473 shares of company stock worth $194,840,753. 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.