ASOS (LON:ASC) announced its quarterly earnings results on Tuesday. The company reported GBX 27.60 ($0.36) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 5.80 ($0.08) by GBX 21.80 ($0.29), Bloomberg Earnings reports.
Shares of LON ASC traded up GBX 114 ($1.50) during trading hours on Thursday, hitting GBX 2,114 ($27.81). The company had a trading volume of 3,662,884 shares, compared to its average volume of 293,510. The stock has a market capitalization of $1.79 billion and a P/E ratio of 39.74. The company has a quick ratio of 0.11, a current ratio of 0.83 and a debt-to-equity ratio of 92.82. ASOS has a 1-year low of GBX 975.20 ($12.83) and a 1-year high of GBX 4,090 ($53.80). The firm’s 50 day moving average is GBX 2,114.20 and its 200-day moving average is GBX 2,855.66.
In other ASOS news, insider Ian Dyson purchased 1,500 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of GBX 3,164 ($41.62) per share, with a total value of £47,460 ($62,430.94). Also, insider Nick Beighton purchased 1,629 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of GBX 3,060 ($40.25) per share, with a total value of £49,847.40 ($65,571.43).
ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines.
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