ASOS (LON:ASC) Stock Price Up 14.3% – Here’s What Happened

Shares of ASOS Plc (LON:ASC) traded up 14.3% on Thursday . The company traded as high as GBX 276 and last traded at GBX 263. 867,461 shares traded hands during trading, an increase of 147% from the average session volume of 350,990 shares. The stock had previously closed at GBX 230.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ASC. Berenberg Bank reiterated a “buy” rating and issued a GBX 600 target price on shares of ASOS in a research note on Thursday. Peel Hunt reaffirmed an “add” rating and issued a GBX 335 price objective on shares of ASOS in a research report on Thursday. Finally, Shore Capital reiterated a “buy” rating and set a GBX 400 price objective on shares of ASOS in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 445.

ASOS Stock Up 2.3%

The company has a market capitalization of £320.61 million, a price-to-earnings ratio of -1.09, a PEG ratio of -1.26 and a beta of 2.86. 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 business’s 50 day moving average is GBX 260.78 and its 200 day moving average is GBX 292.86.

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.