ASOS (OTCMKTS:ASOMY) Sets New 12-Month Low at $6.50

ASOS Plc (OTCMKTS:ASOMYGet Rating)’s share price hit a new 52-week low on Friday . The company traded as low as $6.50 and last traded at $6.55, with a volume of 23506 shares changing hands. The stock had previously closed at $7.23.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ASOMY shares. Barclays cut their price objective on ASOS from GBX 920 ($11.12) to GBX 730 ($8.82) in a research report on Wednesday, September 14th. Jefferies Financial Group lowered ASOS from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Berenberg Bank dropped their price target on ASOS from GBX 4,100 ($49.54) to GBX 2,500 ($30.21) in a research report on Friday, June 17th. Exane BNP Paribas upgraded ASOS from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. dropped their price target on ASOS from GBX 1,500 ($18.12) to GBX 1,260 ($15.22) in a research report on Wednesday, September 14th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,921.11.

ASOS Stock Down 9.4 %

The company has a quick ratio of 0.57, a current ratio of 1.59 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $10.14 and its 200 day moving average is $14.83.

About ASOS

(Get Rating)

ASOS Plc operates as an online fashion retailer worldwide. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT brands, as well as through third-party brands. It is also involved in the employer of marketing staff and payment processing businesses.

Further Reading

Receive News & Ratings for ASOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASOS and related companies with MarketBeat.com's FREE daily email newsletter.