ASOS (LON:ASC) Trading 20.3% Higher – Should You Buy?

ASOS Plc (LON:ASC) shares traded up 20.3% on Friday . The company traded as high as GBX 318.60 ($4.11) and last traded at GBX 306.75 ($3.96). 8,724,763 shares were traded during trading, an increase of 1,282% from the average session volume of 631,232 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 391 ($5.05).

ASOS Price Performance

The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The firm has a market cap of £361.77 million, a price-to-earnings ratio of -1.07, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company’s fifty day moving average is GBX 352.73 and its two-hundred day moving average is GBX 384.16.

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.