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

ASOS logo with Consumer Cyclical background
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Shares of ASOS Plc (LON:ASC - Get Free Report) traded 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). 1,883,284 shares traded hands during trading, an increase of 268% from the average session volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).

Wall Street Analyst Weigh In

Separately, Shore Capital raised shares of ASOS to a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of GBX 391 ($5.05).

Read Our Latest Stock Report on ASOS

ASOS Stock 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 business has a 50-day moving average of GBX 351.31 and a 200-day moving average of GBX 383.49. The company has a market capitalization of £364.88 million, a P/E ratio of -1.08, a P/E/G ratio of -1.26 and a beta of 2.86.

About ASOS

(Get Free Report)

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.

See Also

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