Shore Capital Reaffirms Buy Rating for ASOS (LON:ASC)

Shore Capital reissued their buy rating on shares of ASOS (LON:ASC - Free Report) in a research report released on Tuesday, MarketBeat.com reports.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 600 ($8.05) price objective on shares of ASOS in a research report on Thursday, April 24th.

ASOS Stock Performance

ASOS stock traded down GBX 5.98 ($0.08) during midday trading on Tuesday, reaching GBX 307.03 ($4.12). 110,487 shares of the company traded hands, compared to its average volume of 426,975. The firm has a market capitalization of £368.03 million, a price-to-earnings ratio of -1.09, a price-to-earnings-growth ratio of -1.26 and a beta of 2.86. The business has a 50 day moving average of GBX 303.19 and a two-hundred day moving average of GBX 340.78. ASOS has a 12 month low of GBX 223.20 ($3.00) and a 12 month high of GBX 454.20 ($6.10). 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 (LON:ASC - Get Free Report) last issued 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 net margin of 11.66% and a negative return on equity of 59.37%. As a group, research analysts predict that ASOS will post 12.4165252 earnings per share 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.