ASOS (LON:ASC) Trading Up 18.4% - Still a Buy?

Shares of ASOS Plc (LON:ASC - Get Free Report) rose 18.4% during trading on Saturday . The stock traded as high as GBX 318.60 ($4.10) and last traded at GBX 301.80 ($3.89). Approximately 1,883,284 shares were traded 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 ($3.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital raised shares of ASOS to a "buy" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, ASOS currently has an average rating of "Hold" and a consensus target price of GBX 391 ($5.03).

ASOS Trading Down 7.0 %

The stock has a market cap of £339.47 million, a PE ratio of -1.00, a PEG ratio of -1.26 and a beta of 2.86. 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 business has a 50-day moving average of GBX 349.79 and a 200 day moving average of GBX 382.61.

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.