ASOS (LON:ASC) Stock Price Up 18.4% - What's Next?

ASOS Plc (LON:ASC - Get Free Report) was up 18.4% during mid-day trading on Saturday . The company traded as high as GBX 318.60 ($4.10) and last traded at GBX 301.80 ($3.89). Approximately 1,883,284 shares traded hands during trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.28).

Wall Street Analyst Weigh In

Separately, Shore Capital raised ASOS to a "buy" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of GBX 391 ($5.03).

ASOS Price Performance

The stock has a market capitalization of £339.47 million, a P/E ratio of -1.00, a PEG ratio of -1.26 and a beta of 2.86. The company has a 50 day moving average of GBX 349.79 and a 200-day moving average of GBX 382.61. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55.

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.