ASOS (LON:ASC) Trading Up 14.3% – Should You Buy?

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

Analyst Ratings Changes

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

ASOS Trading Up 2.3%

The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The stock has a market capitalization of £320.61 million, a P/E ratio of -1.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a fifty day simple moving average of GBX 260.78 and a two-hundred day simple moving average of 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.