ASOS (LON:ASC) Stock Price Up 11.1% – Here’s What Happened

ASOS Plc (LON:ASC) traded up 11.1% during mid-day trading on Thursday . The stock traded as high as GBX 255.50 and last traded at GBX 255.50. 334,674 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 348,579 shares. The stock had previously closed at GBX 230.

Wall Street Analysts Forecast Growth

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

ASOS Trading Up 11.1%

The company has a debt-to-equity ratio of 187.55, a quick ratio of 0.39 and a current ratio of 1.61. The stock has a market capitalization of £304.52 million, a P/E ratio of -1.03, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The firm’s fifty day simple moving average is GBX 261.32 and its 200 day simple moving average is GBX 293.41.

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.