ASOS (LON:ASC) Trading Up 14.3% – Here’s Why

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

Analyst Ratings Changes

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

ASOS Stock Performance

The firm has a market cap of £320.61 million, a price-to-earnings ratio of -1.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The stock has a 50-day moving average of GBX 260.78 and a 200-day moving average of GBX 292.98. The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61.

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.