Asos Pls (OTCMKTS:ASOMY) Hits New 1-Year High – Should You Buy?

Shares of Asos Pls (OTCMKTS:ASOMY) hit a new 52-week high during trading on Monday. The company traded as high as $6.63 and last traded at $6.63, with a volume of 305 shares changing hands. The stock had previously closed at $5.74.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded Asos Pls from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “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 has a 50-day moving average of $5.33 and a two-hundred day moving average of $4.06.

About Asos Pls

ASOS plc is a global online fashion retailer headquartered in the United Kingdom. The company sells clothing, footwear, accessories, beauty products and related items through its digital platforms, primarily serving fashion-conscious younger consumers.

ASOS offers products from a range of third-party brands alongside its own labels, including ASOS DESIGN and other proprietary fashion and beauty ranges. Its online retail model includes apparel collections for women and men, as well as beauty, grooming and lifestyle products.

Founded in 2000, ASOS has expanded beyond the United Kingdom to serve customers across multiple international markets, including Europe, the United States and Australia.