ASOS (LON:ASC) Shares Up 18.4% - Here's Why

ASOS Plc (LON:ASC - Get Free Report)'s share price rose 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). Approximately 1,883,284 shares traded 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).

Analyst Ratings Changes

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

ASOS Stock Down 7.0 %

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