ASOS (LON:ASC) Trading 22.6% Higher – Time to Buy?

ASOS Plc (LON:ASCGet Free Report)’s share price was up 22.6% during mid-day trading on Friday . The company traded as high as GBX 318.60 ($4.13) and last traded at GBX 312.60 ($4.05). Approximately 8,868,324 shares changed hands during trading, an increase of 1,299% from the average daily volume of 633,751 shares. The stock had previously closed at GBX 255 ($3.31).

ASOS Stock Up 18.4 %

The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The stock has a market capitalization of £361.77 million, a PE ratio of -1.07, a PEG ratio of -1.26 and a beta of 2.86. The firm’s fifty day moving average is GBX 354.63 and its 200-day moving average is GBX 384.45.

About ASOS

(Get Free Report)

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.

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