Sosandar (LON:SOS) Hits New 52-Week High – Should You Buy?

Sosandar Plc (LON:SOS)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 11.50 and last traded at GBX 11.12, with a volume of 344584 shares. The stock had previously closed at GBX 10.75.

Sosandar Stock Performance

The company’s 50-day moving average is GBX 9.82 and its two-hundred day moving average is GBX 8.10. The company has a quick ratio of 1.40, a current ratio of 2.62 and a debt-to-equity ratio of 21.33. The company has a market cap of £24.73 million, a P/E ratio of -28.51 and a beta of 1.54.

About Sosandar

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.