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

ASOS Plc (LON:ASC - Get Free Report) shot 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 ($3.90). 1,883,284 shares were traded 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 ($3.29).

Analysts Set New Price Targets

Separately, Shore Capital upgraded ASOS to a "buy" rating in a report on Friday. 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 stock. Based on data from MarketBeat, ASOS currently has an average rating of "Hold" and a consensus target price of GBX 391 ($5.05).

ASOS Stock Performance

The company has a market cap of £364.88 million, a price-to-earnings ratio of -1.08, a P/E/G 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. The firm has a fifty day simple moving average of GBX 351.31 and a 200 day simple moving average of GBX 383.49.

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.