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

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

Wall Street Analyst Weigh In

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

ASOS Trading Down 2.6 %

The business has a 50 day simple moving average of GBX 351.31 and a two-hundred day simple moving average of GBX 383.49. 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 company has a market cap of £364.88 million, a PE ratio of -1.08, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

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.