ASOS (LON:ASC) Raised to “Buy” at Shore Capital

ASOS (LON:ASC) was upgraded by equities research analysts at Shore Capital to a “buy” rating in a note issued to investors on Friday, Marketbeat reports.

ASOS Price Performance

Shares of ASC opened at GBX 301.80 ($3.90) on Friday. ASOS has a fifty-two week low of GBX 223.20 ($2.88) and a fifty-two week high of GBX 454.20 ($5.86). The firm’s 50 day moving average price is GBX 352.73 and its 200 day moving average price is GBX 384.16. The company has a market cap of £361.77 million, a P/E ratio of -1.07, a PEG ratio of -1.26 and a beta of 2.86. The company has a quick ratio of 0.39, a current ratio of 1.61 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.