ASOS (LON:ASC) Sets New 1-Year Low at $619.50

ASOS Plc (LON:ASCGet Rating)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 619.50 ($7.49) and last traded at GBX 620.83 ($7.50), with a volume of 46839 shares trading hands. The stock had previously closed at GBX 632 ($7.64).

Analyst Upgrades and Downgrades

ASC has been the subject of several research reports. Shore Capital reissued a “sell” rating on shares of ASOS in a report on Monday, September 5th. Royal Bank of Canada set a GBX 2,000 ($24.17) target price on ASOS in a report on Friday, September 9th. JPMorgan Chase & Co. set a GBX 1,500 ($18.12) price target on shares of ASOS in a research note on Tuesday, September 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,800 ($21.75) price objective on shares of ASOS in a research note on Friday. Finally, Credit Suisse Group set a GBX 1,450 ($17.52) target price on shares of ASOS in a research report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 2,049.62 ($24.77).

ASOS Price Performance

The company’s 50-day moving average is GBX 872.55 and its 200-day moving average is GBX 1,205.63. The firm has a market cap of £620.46 million and a price-to-earnings ratio of 2,179.31. The company has a current ratio of 1.59, a quick ratio of 0.52 and a debt-to-equity ratio of 77.77.

About ASOS

(Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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