ASOS (LON:ASC) Stock Price Up 18.4% - What's Next?

ASOS Plc (LON:ASC - Get Free Report)'s stock price rose 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.12) and last traded at GBX 301.80 ($3.90). 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 ($3.29).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded shares of ASOS to a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of GBX 391 ($5.05).

ASOS Price Performance

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 market capitalization of £364.88 million, a price-to-earnings ratio of -1.08, a PEG ratio of -1.26 and a beta of 2.86. The business's fifty day simple moving average is GBX 351.31 and its 200 day simple moving average is GBX 383.49.

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.