Insider Buying: ASOS Plc (LON:ASC) Insider Buys 5,800 Shares of Stock

ASOS Plc (LON:ASC) insider Dave Murray acquired 5,800 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of GBX 346 ($4.50) per share, with a total value of £20,068 ($26,123.41).

ASOS Stock Performance

Shares of LON:ASC traded down GBX 9.40 ($0.12) during mid-day trading on Wednesday, reaching GBX 342 ($4.45). 571,859 shares of the company traded hands, compared to its average volume of 394,038. ASOS Plc has a 52 week low of GBX 328.84 ($4.28) and a 52 week high of GBX 453.80 ($5.91). The firm has a market cap of £407.36 million, a PE ratio of -176.58, a PEG ratio of -1.26 and a beta of 2.86. The company’s 50 day moving average price is GBX 405.64 and its 200-day moving average price is GBX 376.70. The company has a debt-to-equity ratio of 158.84, a current ratio of 1.51 and a quick ratio of 0.39.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASC shares. Barclays cut shares of ASOS to an “underweight” rating and decreased their price objective for the company from GBX 300 ($3.91) to GBX 290 ($3.78) in a report on Monday, September 9th. Berenberg Bank reissued a “buy” rating and set a GBX 490 ($6.38) price objective on shares of ASOS in a report on Thursday, September 5th. Finally, Shore Capital reaffirmed a “hold” rating on shares of ASOS in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 391 ($5.09).

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.