ASOS (LON:ASC) Trading Up 18.4% - Should You Buy?

Shares of ASOS Plc (LON:ASC - Get Free Report) traded up 18.4% on Friday . The company traded as high as GBX 318.60 ($4.12) and last traded at GBX 301.80 ($3.90). 1,883,284 shares changed hands during mid-day trading, an increase of 268% from the average session volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).

Analyst Ratings Changes

Separately, Shore Capital upgraded ASOS to a "buy" rating in a report on Friday. One 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. According to data from MarketBeat, ASOS has a consensus rating of "Hold" and a consensus target price of GBX 391 ($5.05).

ASOS Price Performance

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 business's fifty day moving average is GBX 351.31 and its 200 day moving average is GBX 383.49. The company has a market cap of £364.88 million, a P/E ratio of -1.08, a PEG ratio of -1.26 and a beta of 2.86.

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.