ASOS (LON:ASC) Trading 9.4% Higher – Should You Buy?

Shares of ASOS Plc (LON:ASC) traded up 9.4% during mid-day trading on Thursday . The company traded as high as GBX 257.30 ($3.32) and last traded at GBX 251.72 ($3.25). 430,630 shares traded hands during trading, a decline of 9% from the average session volume of 471,009 shares. The stock had previously closed at GBX 230 ($2.97).

Analysts Set New Price Targets

Separately, Shore Capital upgraded ASOS to a “buy” rating in a research note on Friday. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 391 ($5.05).

ASOS Stock Up 18.4 %

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 company has a market capitalization of £361.77 million, a price-to-earnings ratio of -1.07, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The firm’s 50-day simple moving average is GBX 352.73 and its two-hundred day simple moving average is GBX 384.02.

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.