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

ASOS Plc (LON:ASC - Get Free Report)'s stock price rose 18.4% during trading on Friday . 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 changed hands 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).

Analysts Set New Price Targets

Separately, Shore Capital raised ASOS to a "buy" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 391 ($5.05).

ASOS Trading Down 2.6 %

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 firm has a market capitalization 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 business has a fifty day moving average price of GBX 351.31 and a 200 day moving average price of 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.