Asos Pls (OTCMKTS:ASOMY) Shares Gap Down - Here's Why

Key Points

• Asos Plc shares experienced a significant drop, opening at $4.36, down from a previous close of $4.84.
• The company's debt-to-equity ratio stands at 2.14, indicating a high level of debt compared to equity, alongside a current ratio of 1.18.
• Asos Plc operates as an online fashion retailer with a diverse range of products offered under various brand names, serving multiple international markets.

Asos Pls (OTCMKTS:ASOMY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.84, but opened at $4.36. Asos Pls shares last traded at $4.36, with a volume of 101 shares traded.

Asos Pls Price Performance

The business's fifty day moving average is $4.26 and its 200-day moving average is $4.17. The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 2.14.

About Asos Pls

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.