ASOS (LON:ASC) Shares Up 18.4% – Should You Buy?

ASOS Plc (LON:ASC) shot up 18.4% during mid-day trading on Saturday . The company traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). 1,883,284 shares changed hands during mid-day trading, an increase of 268% from the average session volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).

Wall Street Analyst Weigh In

Separately, Shore Capital upgraded ASOS to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, ASOS currently has an average rating of “Hold” and a consensus target price of GBX 391 ($5.05).

ASOS Stock Up 18.4 %

The business’s 50 day moving average is GBX 352.73 and its 200 day moving average is GBX 384.02. 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 company has a market cap of £361.77 million, a P/E ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86.

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.