Asos Pls (OTCMKTS:ASOMY) Hits New 12-Month High – What’s Next?

Asos Pls (OTCMKTS:ASOMY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.89 and last traded at $4.75, with a volume of 8021 shares changing hands. The stock had previously closed at $4.52.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Asos Pls to a “strong-buy” rating in a report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Asos Pls Price Performance

The company has a debt-to-equity ratio of 7.14, a quick ratio of 0.40 and a current ratio of 0.95. The stock has a 50 day moving average price of $3.59 and a two-hundred day moving average price of $3.58.

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.