ASOS (LON:ASC) Stock Price Up 14.3% – What’s Next?

ASOS Plc (LON:ASC)’s share price rose 14.3% during trading on Friday . The stock traded as high as GBX 276 and last traded at GBX 263. Approximately 867,461 shares traded hands during trading, an increase of 147% from the average daily volume of 350,990 shares. The stock had previously closed at GBX 230.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ASC shares. Shore Capital reissued a “buy” rating and issued a GBX 400 price target on shares of ASOS in a research note on Wednesday, October 1st. Peel Hunt reissued an “add” rating and issued a GBX 335 target price on shares of ASOS in a research note on Thursday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 600 target price on shares of ASOS in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 445.

ASOS Stock Down 3.5%

The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The firm’s fifty day moving average price is GBX 261.07 and its 200-day moving average price is GBX 293.19. The company has a market cap of £302.52 million, a price-to-earnings ratio of -1.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

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.