Shore Capital Reiterates "Buy" Rating for ASOS (LON:ASC)

Shore Capital reissued their buy rating on shares of ASOS (LON:ASC - Free Report) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 600 ($8.07) price objective on shares of ASOS in a report on Thursday, April 24th.

ASOS Stock Up 1.8%

Shares of LON:ASC traded up GBX 5.46 ($0.07) during midday trading on Tuesday, reaching GBX 309.96 ($4.17). The company had a trading volume of 1,182,172 shares, compared to its average volume of 428,667. The stock has a market capitalization of £371.55 million, a P/E ratio of -1.10, a PEG ratio of -1.26 and a beta of 2.86. The stock's fifty day moving average price is GBX 306.94 and its 200-day moving average price is GBX 339.36. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. ASOS has a one year low of GBX 223.20 ($3.00) and a one year high of GBX 454.20 ($6.11).

ASOS (LON:ASC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported GBX (166.80) (($2.24)) earnings per share for the quarter. ASOS had a negative return on equity of 59.37% and a negative net margin of 11.66%. Equities research analysts expect that ASOS will post 12.4165252 earnings per share for the current fiscal year.

About ASOS

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.