ASOS (LON:ASC) Trading Up 14.3% – Time to Buy?

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

Analyst Ratings Changes

Several brokerages have recently commented on ASC. Peel Hunt restated an “add” rating and set a GBX 335 target price on shares of ASOS in a report on Thursday. Shore Capital restated a “buy” rating and issued a GBX 400 price objective on shares of ASOS in a research report on Wednesday, October 1st. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 600 price target on shares of ASOS in a research note on Thursday. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, ASOS presently has an average rating of “Buy” and an average price target of GBX 445.

ASOS Stock Up 14.3%

The business has a fifty day moving average of GBX 261.32 and a 200 day moving average of GBX 293.41. 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 firm has a market cap of £313.46 million, a P/E 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.