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

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

Wall Street Analysts Forecast Growth

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

Asos Pls Stock Up 5.1%

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

Asos Pls Company Profile

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.