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

Asos Pls (OTCMKTS:ASOMY) gapped down prior to trading on Monday. The stock had previously closed at $5.88, but opened at $5.6320. Asos Pls shares last traded at $5.6320, with a volume of 201 shares trading hands.

Analysts Set New Price Targets

Separately, Barclays raised Asos Pls from a “strong sell” rating to a “hold” rating in a 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, Asos Pls presently has an average rating of “Buy”.

Asos Pls Stock Down 4.2%

The firm’s 50-day moving average price is $5.77 and its 200 day moving average price is $4.29. The company has a quick ratio of 0.40, a current ratio of 0.95 and a debt-to-equity ratio of 7.14.

Asos Pls Company Profile

ASOS plc is a United Kingdom-based online fashion retailer that sells clothing, footwear, accessories and beauty products through its digital platforms. The company offers merchandise under its own ASOS Design and other proprietary brands, as well as products from a broad range of third-party fashion and lifestyle brands.

Founded in 2000 as AsSeenOnScreen, the company adopted the ASOS name as its business expanded beyond products associated with celebrities and popular culture. ASOS primarily targets fashion-conscious younger consumers and provides online shopping, mobile services, delivery and returns solutions, and various customer-focused digital features.

ASOS serves customers internationally through localized websites and delivery operations, with key markets including the United Kingdom, the United States, Europe and Australia.