ASOS (LON:ASC) Shares Up 18.4% – Here’s Why

ASOS Plc (LON:ASC)’s stock price rose 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.13) and last traded at GBX 301.80 ($3.91). Approximately 1,883,284 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.31).

Analyst Ratings Changes

Separately, Shore Capital upgraded ASOS to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 391 ($5.07).

ASOS Trading Up 18.4 %

The firm has a market capitalization of £361.77 million, a price-to-earnings ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The business has a fifty day moving average price of GBX 354.63 and a 200 day moving average price of GBX 384.45.

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.