Sosandar (LON:SOS) Trading 5% Higher – Here’s What Happened

Sosandar Plc (LON:SOS) shares traded up 5% during mid-day trading on Wednesday . The company traded as high as GBX 8.50 and last traded at GBX 8.40. 8,986,114 shares changed hands during trading, an increase of 91% from the average session volume of 4,697,741 shares. The stock had previously closed at GBX 8.

Sosandar Trading Down 1.3%

The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.40 and a current ratio of 4.17. The firm has a market cap of £18.98 million, a P/E ratio of -20.26 and a beta of 2.28. The firm has a 50 day simple moving average of GBX 7.05 and a 200 day simple moving average of GBX 6.35.

Sosandar (LON:SOS) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX (0.44) earnings per share for the quarter. Sosandar had a negative net margin of 0.91% and a negative return on equity of 2.39%. On average, equities research analysts predict that Sosandar Plc will post 0.489081 EPS for the current fiscal year.

Sosandar Company Profile

Sosandar is a womenswear brand, specifically targeted at a generation of women who have graduated from throwaway fashion and are looking for quality, affordable clothing with a premium, trend-led aesthetic. This is a section of the market that is currently being underserved.

Sosandar was launched in September 2016. The Sosandar business model is built around using trend-led, exclusive designs produced in-house and then manufactured using a variety of global suppliers. Sosandar caters for a growing market of fashion conscious women, while utilising an outsourced logistics provider that can support its planned growth over the coming years.