ASOS (LON:ASC) Trading 18.4% Higher - Here's Why

ASOS Plc (LON:ASC - Get Free Report)'s stock price traded up 18.4% on Saturday . The stock traded as high as GBX 318.60 ($4.10) and last traded at GBX 301.80 ($3.89). 1,883,284 shares traded 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 ($3.28).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded shares of ASOS to a "buy" rating in a report on Friday, March 21st. One equities 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's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 391 ($5.03).

ASOS Trading Down 7.0 %

The business has a fifty day moving average price of GBX 349.79 and a 200 day moving average price of GBX 382.61. The firm has a market cap of £339.47 million, a PE ratio of -1.00, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a current ratio of 1.61, a quick ratio of 0.39 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.