Asos Pls (OTCMKTS:ASOMY) Raised to Strong-Buy at Berenberg Bank

Asos Pls (OTCMKTS:ASOMY) was upgraded by investment analysts at Berenberg Bank to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Asos Pls Stock Performance

OTCMKTS ASOMY opened at $2.93 on Wednesday. The stock’s 50-day simple moving average is $3.76 and its two-hundred day simple moving average is $3.61. Asos Pls has a twelve month low of $2.73 and a twelve month high of $4.89. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.49 and a current ratio of 1.02.

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.