ASOS (LON:ASC) Stock Price Down 3.4% - Here's Why

ASOS Plc (LON:ASC - Get Free Report)'s stock price traded down 3.4% on Wednesday . The stock traded as low as GBX 283 ($3.78) and last traded at GBX 295.59 ($3.95). 298,919 shares changed hands during trading, a decline of 42% from the average session volume of 511,575 shares. The stock had previously closed at GBX 306 ($4.09).

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ASC shares. Shore Capital reaffirmed a "buy" rating on shares of ASOS in a research report on Thursday, April 24th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 600 ($8.01) price objective on shares of ASOS in a research note on Thursday, April 24th.

ASOS Trading Down 4.3 %

The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The company has a fifty day moving average of GBX 285.28 and a two-hundred day moving average of GBX 352.09. The stock has a market capitalization of £330.84 million, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86.

ASOS (LON:ASC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported GBX (166.80) (($2.23)) earnings per share for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. On average, research analysts expect that ASOS Plc will post 12.4165252 EPS for the current 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.