ASOS (LON:ASC) Stock Price Up 18.4% – Time to Buy?

ASOS Plc (LON:ASC) shares traded up 18.4% during mid-day trading on Saturday . The company 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).

Wall Street Analyst Weigh In

Separately, Shore Capital raised shares of ASOS to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, ASOS currently has a consensus rating of “Hold” and a consensus price target of GBX 391 ($5.05).

ASOS Price Performance

The stock has a market capitalization of £361.77 million, a P/E ratio of -1.07, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The business has a fifty day simple moving average of GBX 352.73 and a 200 day simple moving average of GBX 384.27. 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.