Asos Pls (OTCMKTS:ASOMY) Reaches New 52-Week High – Should You Buy?

Asos Pls (OTCMKTS:ASOMY) shares hit a new 52-week high on Monday . The company traded as high as $5.70 and last traded at $5.70, with a volume of 363 shares traded. The stock had previously closed at $5.50.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Asos Pls from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Asos Pls Price Performance

The business has a fifty day moving average of $5.19 and a 200 day moving average of $3.98. The company has a current ratio of 0.95, a quick ratio of 0.40 and a debt-to-equity ratio of 7.14.

About Asos Pls

ASOS plc is a global online fashion retailer headquartered in the United Kingdom. The company sells clothing, footwear, accessories, beauty products and related items through its digital platforms, primarily serving fashion-conscious younger consumers.

ASOS offers products from a range of third-party brands alongside its own labels, including ASOS DESIGN and other proprietary fashion and beauty ranges. Its online retail model includes apparel collections for women and men, as well as beauty, grooming and lifestyle products.

Founded in 2000, ASOS has expanded beyond the United Kingdom to serve customers across multiple international markets, including Europe, the United States and Australia.