ASOS (LON:ASC) Stock Price Up 18.4% – Here’s Why

ASOS Plc (LON:ASC) shares traded up 18.4% during mid-day trading on Friday . The stock traded as high as GBX 318.60 ($4.13) and last traded at GBX 301.80 ($3.91). 1,883,284 shares traded 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 ($3.31).

Analyst Ratings Changes

Separately, Shore Capital upgraded shares of ASOS to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, ASOS currently has an average rating of “Hold” and an average price target of GBX 391 ($5.07).

ASOS Stock Performance

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 firm has a market capitalization of £361.77 million, a PE ratio of -1.07, a PEG ratio of -1.26 and a beta of 2.86. The stock’s 50 day moving average price is GBX 354.63 and its two-hundred day moving average price 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.