Asos Pls (OTCMKTS:ASOMY) Shares Gap Up – What’s Next?

Shares of Asos Pls (OTCMKTS:ASOMY) gapped up prior to trading on Monday. The stock had previously closed at $5.49, but opened at $5.88. Asos Pls shares last traded at $5.88, with a volume of 110 shares.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Asos Pls from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Asos Pls Stock Performance

The company has a quick ratio of 0.40, a current ratio of 0.95 and a debt-to-equity ratio of 7.14. The business’s fifty day simple moving average is $5.65 and its 200-day simple moving average is $4.36.

About Asos Pls

ASOS plc is a United Kingdom-based online fashion and beauty retailer serving primarily young adult consumers. The company sells clothing, footwear, accessories, beauty products and related merchandise through its websites and mobile platforms.

ASOS offers products from its own-label brands, including ASOS DESIGN, as well as merchandise from a broad range of third-party fashion and beauty brands. Its assortment covers womenswear and menswear, with products spanning everyday clothing, occasionwear, activewear, footwear, accessories and cosmetics.

Founded in 2000 as “AsSeenOnScreen,” the company has expanded from a UK-focused online retailer into an international e-commerce business.