Asos Pls (OTCMKTS:ASOMY) Shares Gap Up – Time to Buy?

Shares of Asos Pls (OTCMKTS:ASOMY) gapped up before the market opened on Thursday . The stock had previously closed at $3.8140, but opened at $4.24. Asos Pls shares last traded at $4.24, with a volume of 106 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Asos Pls to a “strong-buy” rating in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Asos Pls Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.40 and a debt-to-equity ratio of 7.14. The firm’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $3.56.

About Asos Pls

ASOS PLS (OTCMKTS:ASOMY) is an international online fashion retailer headquartered in London, United Kingdom. Since its founding in 2000 as AsSeenOnScreen, the company has focused on providing trend-driven clothing, footwear and accessories to a predominantly young adult audience. ASOS operates a direct-to-consumer e-commerce platform that features both its own in-house brands and a curated selection of third-party labels, with an emphasis on fast fashion and seasonal collections.

The company’s product offering spans womenswear, menswear, swimwear, activewear, shoes, bags, jewellery and beauty items.