ASOS (LON:ASC) Shares Up 18.4% – Still a Buy?

Shares of ASOS Plc (LON:ASC) 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 changed hands during 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 given a buy rating to the company’s stock. According to MarketBeat, ASOS currently has a consensus rating of “Hold” and a consensus target price of GBX 391 ($5.05).

ASOS Stock Performance

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

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.