ASOS (LON:ASC) Trading Up 20.3% – Here’s Why

ASOS Plc (LON:ASC) was up 20.3% during mid-day trading on Friday . The company traded as high as GBX 318.60 ($4.13) and last traded at GBX 306.75 ($3.98). Approximately 8,724,763 shares traded hands during trading, an increase of 1,282% from the average daily volume of 631,232 shares. The stock had previously closed at GBX 255 ($3.31).

ASOS Trading Up 18.4 %

The firm has a 50-day moving average price of GBX 354.63 and a 200-day moving average price of GBX 384.45. The company has a market capitalization of £361.77 million, a price-to-earnings ratio of -1.07, a PEG 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 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.