ASOS (LON:ASC) Trading 20.3% Higher – Here’s Why

ASOS Plc (LON:ASC) shares traded up 20.3% during mid-day trading on Friday . The company traded as high as GBX 318.60 ($4.11) and last traded at GBX 306.75 ($3.96). 8,724,763 shares were traded during mid-day trading, an increase of 1,282% from the average session volume of 631,232 shares. The stock had previously closed at GBX 255 ($3.29).

Wall Street Analysts Forecast Growth

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

ASOS Price Performance

The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The stock’s fifty day moving average price is GBX 352.73 and its 200-day moving average price is GBX 384.16. The firm has a market cap of £361.77 million, a PE ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86.

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.