ASOS (LON:ASC) Trading 18.4% Higher - Still a Buy?

ASOS Plc (LON:ASC - Get Free Report) shares rose 18.4% during trading on Saturday . The stock traded as high as GBX 318.60 ($4.10) and last traded at GBX 301.80 ($3.89). 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 ($3.28).

Wall Street Analyst Weigh In

Separately, Shore Capital upgraded ASOS to a "buy" rating in a research note 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 391 ($5.03).

ASOS Stock Performance

The stock's fifty day moving average price is GBX 349.79 and its two-hundred day moving average price is GBX 382.61. The company has a market cap of £339.47 million, a P/E ratio of -1.00, 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 quick ratio of 0.39 and a current ratio of 1.61.

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.