ASOS (LON:ASC) Stock Price Up 18.4% – Still a Buy?

ASOS Plc (LON:ASC) traded up 18.4% on Friday . The stock traded as high as GBX 318.60 ($4.13) and last traded at GBX 301.80 ($3.91). 1,883,284 shares traded 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 ($3.31).

Analyst Upgrades and Downgrades

Separately, Shore Capital upgraded shares of ASOS to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ASOS presently has an average rating of “Hold” and a consensus price target of GBX 391 ($5.07).

ASOS Price Performance

The stock has a 50 day moving average of GBX 354.63 and a 200-day moving average of GBX 384.45. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The company has a market cap of £361.77 million, a PE ratio of -1.07, a price-to-earnings-growth 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.