ASOS (LON:ASC) Stock Price Up 18.4% - Time to Buy?

ASOS Plc (LON:ASC - Get Free Report) was up 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.12) and last traded at GBX 301.80 ($3.91). 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 ($3.30).

Analysts Set New Price Targets

Separately, Shore Capital raised 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 MarketBeat.com, ASOS currently has a consensus rating of "Hold" and a consensus price target of GBX 391 ($5.06).

ASOS Price Performance

The firm has a market cap of £364.88 million, a P/E ratio of -1.08, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The business's 50 day moving average is GBX 349.79 and its two-hundred day moving average is GBX 382.61.

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.