ASOS (LON:ASC) Trading 18.4% Higher – Here’s What Happened

ASOS Plc (LON:ASC)’s stock price shot up 18.4% on Saturday . The stock traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). 1,883,284 shares were traded during mid-day trading, an increase of 268% from the average session volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).

Analyst Ratings Changes

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

ASOS Stock Up 18.4 %

The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The company has a market capitalization of £361.77 million, a P/E ratio of -1.07, a PEG ratio of -1.26 and a beta of 2.86. The stock has a 50 day moving average price of GBX 352.73 and a 200 day moving average price of GBX 384.27.

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.