Sosandar (LON:SOS) Sets New 1-Year High – Here’s Why

Shares of Sosandar Plc (LON:SOS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 11.50 and last traded at GBX 10.78, with a volume of 119040 shares trading hands. The stock had previously closed at GBX 10.75.

Sosandar Stock Performance

The business’s 50-day moving average price is GBX 8.05 and its 200-day moving average price is GBX 7.48. The company has a debt-to-equity ratio of 21.33, a quick ratio of 1.40 and a current ratio of 2.62. The stock has a market cap of £24.09 million, a P/E ratio of -27.64 and a beta of 1.50.

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.