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

Shares of ASOS Plc (LON:ASC - Get Free Report) were up 18.4% during trading on Saturday . The company 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 mid-day trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.28).

Analyst Ratings Changes

Separately, Shore Capital raised shares of ASOS to a "buy" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 391 ($5.03).

ASOS Stock Down 7.0 %

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 firm has a market cap of £339.47 million, a PE ratio of -1.00, a P/E/G ratio of -1.26 and a beta of 2.86. The business's 50-day simple moving average is GBX 349.79 and its 200 day simple moving average is GBX 382.61.

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.