ASOS (LON:ASC) Trading 11.1% Higher – Should You Buy?

ASOS Plc (LON:ASC)’s share price rose 11.1% on Thursday . The company traded as high as GBX 252.13 and last traded at GBX 250. Approximately 1,678,419 shares were traded during trading, a decline of 83% from the average daily volume of 9,946,638 shares. The stock had previously closed at GBX 225.

Wall Street Analyst Weigh In

ASC has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 600 price objective on shares of ASOS in a research report on Thursday. Shore Capital Group restated a “buy” rating on shares of ASOS in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, ASOS has a consensus rating of “Moderate Buy” and a consensus price target of GBX 352.67.

ASOS Trading Up 11.1%

The firm has a market capitalization of £298.60 million, a PE ratio of -1.00, a PEG ratio of -1.26 and a beta of 2.25. The company has a quick ratio of 0.39, a current ratio of 1.02 and a debt-to-equity ratio of 342.80. The stock’s fifty day simple moving average is GBX 243.94 and its 200 day simple moving average is GBX 259.27.

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.