ASOS (LON:ASC) Trading Up 18.4% – Should You Buy?

Shares of ASOS Plc (LON:ASC) were up 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.13) and last traded at GBX 301.80 ($3.91). Approximately 1,883,284 shares were traded during trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.31).

Analyst Ratings Changes

Separately, Shore Capital upgraded ASOS to a “buy” rating in a 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 391 ($5.07).

ASOS Price Performance

The firm has a market capitalization of £361.77 million, a P/E 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 current ratio of 1.61 and a quick ratio of 0.39. The stock’s fifty day simple moving average is GBX 354.63 and its 200 day simple moving average is GBX 384.45.

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.