ASOS (LON:ASC) Shares Up 20.3% - Should You Buy?

ASOS Plc (LON:ASC - Get Free Report) shares rose 20.3% on Friday . The stock traded as high as GBX 318.60 ($4.12) and last traded at GBX 306.75 ($3.96). Approximately 8,724,763 shares changed hands during mid-day trading, an increase of 1,282% from the average daily volume of 631,232 shares. The stock had previously closed at GBX 255 ($3.29).

Analyst Upgrades and Downgrades

Separately, Shore Capital raised 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 assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 391 ($5.05).

ASOS Stock Down 2.6 %

The firm has a fifty day moving average price of GBX 351.31 and a 200 day moving average price of GBX 383.49. The firm 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. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

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.