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

ASOS Plc (LON:ASC - Get Free Report)'s share price was up 18.4% during trading on Saturday . The stock traded as high as GBX 318.60 ($4.12) and last traded at GBX 301.80 ($3.91). Approximately 1,883,284 shares were traded during trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.30).

Wall Street Analysts Forecast Growth

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

ASOS Stock Down 7.0 %

The business has a 50 day moving average price of GBX 349.79 and a 200 day moving average price of GBX 382.61. The firm has a market capitalization of £339.47 million, a P/E ratio of -1.00, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39.

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.