ASOS (LON:ASC) Trading 20.3% Higher – Here’s Why

ASOS Plc (LON:ASC)’s stock price 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).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ASOS presently has a consensus rating of “Hold” and an average target price of GBX 391 ($5.05).

ASOS Stock Performance

The stock has a market cap of £361.77 million, a price-to-earnings ratio of -1.07, a PEG 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. The stock’s 50 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.