ASOS (LON:ASC) Shares Up 9.4% - Here's What Happened

Shares of ASOS Plc (LON:ASC - Get Free Report) traded up 9.4% during mid-day trading on Thursday . The company traded as high as GBX 257.30 ($3.32) and last traded at GBX 251.72 ($3.25). 430,630 shares were traded during mid-day trading, a decline of 9% from the average session volume of 471,009 shares. The stock had previously closed at GBX 230 ($2.97).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded ASOS to a "buy" rating in a research note on Friday. One 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of GBX 391 ($5.05).

ASOS Stock Performance

The company has a market capitalization of £374.47 million, a price-to-earnings ratio of -1.11, a PEG ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. The stock has a 50 day simple moving average of GBX 351.31 and a two-hundred day simple moving average of GBX 383.49.

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.