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

ASOS Plc (LON:ASC)’s share price was up 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). 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 ($3.29).

Wall Street Analyst Weigh In

Separately, Shore Capital raised ASOS to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 391 ($5.05).

ASOS Stock Up 18.4 %

The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The company has a market cap of £361.77 million, a P/E ratio of -1.07, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a fifty day moving average of GBX 352.73 and a 200 day moving average of GBX 384.16.

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.