Asos Pls (OTCMKTS:ASOMY) Shares Gap Down – Here’s Why

Asos Pls (OTCMKTS:ASOMY)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $6.55, but opened at $5.80. Asos Pls shares last traded at $5.79, with a volume of 1,534 shares.

Analyst Upgrades and Downgrades

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

Asos Pls Stock Down 6.9%

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 company’s 50-day simple moving average is $5.58 and its 200 day simple moving average is $4.24.

Asos Pls Company Profile

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.