ASOS’s (ASC) “Buy” Rating Reiterated at Shore Capital

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

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

ASOS Stock Performance

ASC stock traded down GBX 5.98 ($0.08) during trading on Tuesday, hitting GBX 307.03 ($4.17). 110,487 shares of the company’s stock traded hands, compared to its average volume of 426,975. The stock has a fifty day moving average price of GBX 303.19 and a two-hundred day moving average price of GBX 340.78. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. ASOS has a 52 week low of GBX 223.20 ($3.03) and a 52 week high of GBX 454.20 ($6.16). The stock has a market capitalization of £368.03 million, a price-to-earnings ratio of -1.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

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

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.