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

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

Analyst Ratings Changes

Separately, Shore Capital raised ASOS to a "buy" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of GBX 391 ($5.06).

ASOS Price Performance

The company has a 50-day moving average of GBX 349.79 and a 200-day moving average of GBX 382.61. 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 £339.47 million, a price-to-earnings ratio of -1.00, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

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.