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

ASOS Plc (LON:ASC)’s stock price rose 18.4% during trading on Friday . The company traded as high as GBX 318.60 ($4.13) and last traded at GBX 301.80 ($3.91). Approximately 1,883,284 shares were traded during trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.31).

Wall Street Analysts Forecast Growth

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

ASOS Stock Up 18.4 %

The stock has a market capitalization of £361.77 million, a P/E ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86. The company’s 50-day moving average price is GBX 354.63 and its 200 day moving average price is 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.

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.