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 ($4.12) and last traded at GBX 301.80 ($3.91). Approximately 1,883,284 shares traded hands 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 upgraded shares of ASOS to a "buy" rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 391 ($5.06).
Check Out Our Latest Analysis on ASOS
ASOS Stock Down 7.0 %
The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The stock has a 50 day simple moving average of GBX 349.79 and a 200 day simple moving average of GBX 382.61. The firm has a market capitalization of £339.47 million, a PE ratio of -1.00, a PEG ratio of -1.26 and a beta of 2.86.
About ASOS
(
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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.
Further Reading
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