ASOS (LON:ASC) Trading 9.4% Higher – Should You Buy?

Shares of ASOS Plc (LON:ASC) were up 9.4% during trading on Thursday . The stock traded as high as GBX 257.30 ($3.32) and last traded at GBX 251.72 ($3.25). Approximately 430,630 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 471,009 shares. The stock had previously closed at GBX 230 ($2.97).

Analyst Ratings Changes

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

ASOS Trading Up 18.4 %

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 stock has a market capitalization of £361.77 million, a price-to-earnings ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86. The company has a fifty day moving average of GBX 352.73 and a two-hundred day moving average of GBX 384.02.

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.