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

Shares of ASOS Plc (LON:ASC - Get Free Report) rose 18.4% on Saturday . The company traded as high as GBX 318.60 ($4.12) and last traded at GBX 301.80 ($3.90). 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 ($3.29).

Wall Street Analysts Forecast Growth

Separately, Shore Capital upgraded ASOS to a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 391 ($5.05).

ASOS Stock Down 2.6 %

The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The company has a market cap of £364.88 million, a price-to-earnings ratio of -1.08, a P/E/G ratio of -1.26 and a beta of 2.86. The stock's 50-day moving average is GBX 351.31 and its 200-day moving average is GBX 383.49.

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.