ASOS (LON:ASC) Trading Up 18.4% – What’s Next?

ASOS Plc (LON:ASC)’s share price shot up 18.4% during mid-day trading on Friday . The company traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). 1,883,284 shares traded hands during trading, an increase of 268% from the average session volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).

Analysts Set New Price Targets

Separately, Shore Capital raised shares of ASOS to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 391 ($5.05).

ASOS Trading Up 18.4 %

The company has a market cap of £361.77 million, a PE ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86. The stock’s 50 day moving average is GBX 352.73 and its 200-day moving average is GBX 384.02. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55.

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.