ASOS (OTCMKTS:ASOMY) Shares Down 3.7% – Should You Sell?

ASOS Plc (OTCMKTS:ASOMY)’s share price traded down 3.7% during trading on Wednesday . The company traded as low as $4.94 and last traded at $4.94. 102 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,777 shares. The stock had previously closed at $5.13.

Analysts Set New Price Targets

Several brokerages have issued reports on ASOMY. Barclays upgraded ASOS to a “strong sell” rating in a report on Tuesday, September 10th. Berenberg Bank raised shares of ASOS to a “strong-buy” rating in a research report on Thursday, September 5th.

ASOS Stock Down 3.7 %

The company has a current ratio of 1.61, a quick ratio of 0.88 and a debt-to-equity ratio of 1.82. The firm’s 50-day moving average price is $4.86 and its 200 day moving average price is $4.89.

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.