Asos Pls (OTCMKTS:ASOMY) Stock Price Down 7.8% - Time to Sell?

Key Points

• Asos Pls shares fell 7.8% during mid-day trading, reaching a low of $3.25 before closing at $3.31.
• Peel Hunt upgraded Asos Pls to a strong-buy rating, while the average analyst rating remains at Hold.
• The company's fifty-day moving average is $3.95, indicating a downward trend from the average as the stock trades below this level.

Asos Pls (OTCMKTS:ASOMY - Get Free Report) shares dropped 7.8% during mid-day trading on Monday . The stock traded as low as $3.25 and last traded at $3.31. Approximately 2,150 shares changed hands during trading, an increase of 508% from the average daily volume of 354 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

Separately, Peel Hunt raised shares of Asos Pls to a "strong-buy" rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold".

Asos Pls Price Performance

The firm's fifty day moving average is $3.95 and its two-hundred day moving average is $4.03. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.18 and a quick ratio of 0.50.

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.

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