Asos Pls (OTCMKTS:ASOMY) Upgraded by Berenberg Bank to Strong-Buy Rating

Key Points

• Berenberg Bank upgraded Asos Pls (OTCMKTS:ASOMY) to a "strong-buy" in a research note issued Wednesday.
• Asos opened at $2.93 (one-year range $2.73–$4.89) and is trading below its 50-day and 200-day moving averages (~$3.76 and $3.61), with low liquidity (quick ratio 0.49) and relatively high leverage (debt-to-equity 2.84).

Asos Pls (OTCMKTS:ASOMY - Get Free Report) was upgraded by Berenberg Bank to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Asos Pls Price Performance

Asos Pls stock opened at $2.93 on Wednesday. Asos Pls has a one year low of $2.73 and a one year high of $4.89. The company has a quick ratio of 0.49, a current ratio of 1.02 and a debt-to-equity ratio of 2.84. The business has a fifty day moving average price of $3.76 and a 200-day moving average price of $3.61.

About Asos Pls

ASOS PLS OTCMKTS: ASOMY is an international online fashion retailer headquartered in London, United Kingdom. Since its founding in 2000 as AsSeenOnScreen, the company has focused on providing trend-driven clothing, footwear and accessories to a predominantly young adult audience. ASOS operates a direct-to-consumer e-commerce platform that features both its own in-house brands and a curated selection of third-party labels, with an emphasis on fast fashion and seasonal collections.

The company's product offering spans womenswear, menswear, swimwear, activewear, shoes, bags, jewellery and beauty items.

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