ASOS (LON:ASC) Given “Buy” Rating at Shore Capital

ASOS (LON:ASC)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a research report issued on Tuesday,London Stock Exchange reports.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 600 ($8.14) price target on shares of ASOS in a research report on Thursday, April 24th.

ASOS Price Performance

Shares of ASOS stock traded down GBX 5.98 ($0.08) during trading on Tuesday, reaching GBX 307.03 ($4.17). The company’s stock had a trading volume of 110,487 shares, compared to its average volume of 426,975. The stock has a 50-day moving average price of GBX 303.19 and a two-hundred day moving average price of GBX 340.78. The stock has a market capitalization of £368.03 million, a P/E ratio of -1.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. ASOS has a one year low of GBX 223.20 ($3.03) and a one year high of GBX 454.20 ($6.16).

ASOS (LON:ASC) last announced its quarterly earnings data on Thursday, April 24th. The company reported GBX (166.80) (($2.26)) EPS for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. As a group, sell-side analysts anticipate that ASOS will post 12.4165252 EPS for the current fiscal year.

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.