Asos Pls (OTCMKTS:ASOMY) Sees Unusually-High Trading Volume – Time to Buy?

Asos Pls (OTCMKTS:ASOMY) shares saw unusually-high trading volume on Wednesday . Approximately 7,541 shares were traded during trading, an increase of 114% from the previous session’s volume of 3,528 shares.The stock last traded at $4.50 and had previously closed at $4.39.

Analysts Set New Price Targets

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

Asos Pls Price Performance

The stock’s 50-day simple moving average is $3.56 and its 200 day simple moving average is $3.57. 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 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.