ASOS (LON:ASC) Shares Up 18.4% - Time to Buy?

ASOS Plc (LON:ASC - Get Free Report) shot up 18.4% during mid-day trading on Friday . 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 raised ASOS to a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 391 ($5.05).

ASOS Stock Down 2.6 %

The stock's fifty day moving average price is GBX 351.31 and its 200-day moving average price is GBX 383.49. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The company has a market capitalization 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.

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.