Asos Pls (OTCMKTS:ASOMY) Shares Gap Down – Here’s Why

Asos Pls (OTCMKTS:ASOMY) shares gapped down prior to trading on Tuesday. The stock had previously closed at $6.55, but opened at $5.80. Asos Pls shares last traded at $5.79, with a volume of 1,534 shares changing hands.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Asos Pls from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Asos Pls Stock Down 11.6%

The company has a debt-to-equity ratio of 7.14, a current ratio of 0.95 and a quick ratio of 0.40. The business has a 50-day moving average of $5.56 and a 200 day moving average of $4.20.

Asos Pls Company Profile

ASOS plc is a United Kingdom-based online fashion and beauty retailer serving primarily young adult consumers. The company sells clothing, footwear, accessories, beauty products and related merchandise through its websites and mobile platforms.

ASOS offers products from its own-label brands, including ASOS DESIGN, as well as merchandise from a broad range of third-party fashion and beauty brands. Its assortment covers womenswear and menswear, with products spanning everyday clothing, occasionwear, activewear, footwear, accessories and cosmetics.

Founded in 2000 as “AsSeenOnScreen,” the company has expanded from a UK-focused online retailer into an international e-commerce business.