ASOS (OTCMKTS:ASOMY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of ASOS (OTCMKTS:ASOMY – Get Rating) from a sell rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “ASOS Plc is an online fashion destination. It offers branded and own-branded product lines, including womenswear and menswear, footwear, accessories, jewelry and beauty and grooming products primarily through its Website, asos.com. The company operates primarily in the United Kingdom, France, Germany, Italy, Spain, Australia, the United States, Russia and China. ASOS Plc is based in London, United Kingdom. “

ASOMY has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut their price objective on ASOS from GBX 3,850 ($47.47) to GBX 2,900 ($35.75) in a report on Thursday, April 14th. Morgan Stanley lowered their price objective on shares of ASOS from GBX 3,300 ($40.69) to GBX 2,300 ($28.36) in a research note on Friday, March 11th. Berenberg Bank dropped their target price on shares of ASOS from GBX 5,500 ($67.81) to GBX 4,100 ($50.55) in a report on Wednesday, April 13th. JPMorgan Chase & Co. decreased their price target on shares of ASOS from GBX 3,300 ($40.69) to GBX 2,900 ($35.75) in a research report on Friday, March 11th. Finally, Societe Generale dropped their price target on ASOS from GBX 4,800 ($59.18) to GBX 4,000 ($49.32) in a report on Wednesday, April 13th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $2,824.50.

OTCMKTS ASOMY opened at $17.10 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 0.75 and a debt-to-equity ratio of 0.74. ASOS has a 12 month low of $15.76 and a 12 month high of $74.68. The company’s 50 day simple moving average is $19.97 and its 200 day simple moving average is $27.08.

ASOS Company Profile (Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

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