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

ASOS Plc (LON:ASC) shot up 18.4% during trading on Friday . 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 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 Upgrades and Downgrades

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

ASOS Price Performance

The firm has a 50 day moving average of GBX 354.63 and a 200-day moving average of GBX 384.45. The company has a market cap 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 current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55.

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.